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. List 1. Freight costs necessary to ship the equipment from the manufacturer to the warehouse. 2. Property taxes on land incurred a year after the land was purchased. 3. Costs to clear and grade land purchased for a new plant. 4. Insurance on building after construction is complete and it is in use. 5. Parking ticket fees incurred by the delivery truck that illegally parked when delivering new equipment. 6. Costs to install needed electrical lines in a new building. 7. Fees to perform necessary tests of new equipment. 8. Janitorial costs incurred to clean equipment. Category

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