Listed below are costs (or discounts) to purchase or construct new plant assets. (1) Indicate whether the costs should be expensed or capitalized (Meaning they are included in the cost of the plant assets on the balance sheet.) (2) For costs that should be capitalized, Indicate in which category of plant assets (Equipment Building, or Land) the related costs should be recorded on the balance sheet. Category Capitalized--Land List 1. Costs to clear and grade land purchased for a new plant 2. Parking ticket foes incurred by the delivery truck that illegally parked when delivering new equipment 3. Demolition couts to remove an old building on land purchased 4. Janitorial costs incurred to clean equipment 5. Repair costs to fox new equipment damaged by the crew crew that unpacked it 6. Costs to lay foundation for a new building 7. Costs to unpack and assemble new equipment 8. Costs charged by a contractor to install new equipment into the production line