subject indermediate accounting

Question One: 20% Name two Items , in addition to the amount paid to the former owner or contractor, that may properly be included as part of the acquisition cost of the following plant assets. a. Land. b. Machinery and equipment. Question two: 80 % Indicate where the following items would be capitalized or not. If it is capitalized use (C) if not write (NA) a. A lien that was attached to the land when purchased. b. Landscaping costs to ready land for use. c. Attorney's fees and recording fees related to purchasing land. d. Variable overhead related to construction of machinery. e. A parking lot servicing employees in the building. f. Cost of temporary building for workers during construction of building. g. Interest expense on bonds payable incurred during construction of a building. h. Assessments for sidewalks that are maintained by the city