Question 4 ( 20 marks, suggosted time 5 - 8 minutes) On jurivary 2. 2021, Cavilies apenea a locotion in kioose jaw. To heip prepare the financial statements as at and for the quartor onding March 31, 2021, you have been provided with the following information aboul the property, plani, and equiment lor the Moose Jaw incation: - The Cavilies store will be operaled from a proporty owned by Cavities, An amaunt of $100,000 plus real esiate commission of 5% of the purcnase price was caid for the land: - A buiding wos constructed to house the Cavities store af o cost of $250,000, The building is expected to have a usetul life of 50 years. - Sheiving ana storage bins were purchased al a cost at $40.000. Cavities haa to spend an additional \$12.000 lo teinforce the flour to support the weight of the snelving and storoge bins. The shelving and storoge bins are expected to hove a usetul life of 8 years. - Two hours prior to opening the stors on Jancuary 2. Cavities paid $1.500 lo have its parking of cleared of 5 now. 1) Complete the cnait below. Indicore which cosis (in doliars) vou would capitalize or expense and WHY. Question 4 ( 20 marks, suggosted time 5 - 8 minutes) On jurivary 2. 2021, Cavilies apenea a locotion in kioose jaw. To heip prepare the financial statements as at and for the quartor onding March 31, 2021, you have been provided with the following information aboul the property, plani, and equiment lor the Moose Jaw incation: - The Cavilies store will be operaled from a proporty owned by Cavities, An amaunt of $100,000 plus real esiate commission of 5% of the purcnase price was caid for the land: - A buiding wos constructed to house the Cavities store af o cost of $250,000, The building is expected to have a usetul life of 50 years. - Sheiving ana storage bins were purchased al a cost at $40.000. Cavities haa to spend an additional \$12.000 lo teinforce the flour to support the weight of the snelving and storoge bins. The shelving and storoge bins are expected to hove a usetul life of 8 years. - Two hours prior to opening the stors on Jancuary 2. Cavities paid $1.500 lo have its parking of cleared of 5 now. 1) Complete the cnait below. Indicore which cosis (in doliars) vou would capitalize or expense and WHY