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Expenditure constructing building: capitalize land building

A company made the following expenditures in connection with the construction of its new building:
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A company made the following expenditures in connection with the construction of its new building:

architect $12,000.00
land with run down building $300,000.00
removal of old building $18,000.00
salvage from sale of old building materials $(4,000.00)
survey $1,500.00
legal fees title $3,000.00
excavation of basement $25,000.00
machinery $100,000.00
storage, machinery $900.00
freight, machinery $1,600.00
hauling, machinery $300.00
construction costs, building $1,000,000.00
landscaping $20,000.00
installation, machinery $2,500.00

Prepare a schedule showing the amounts to be recorded as Land, Buildings, and Machinery.

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A company made the following expenditures in connection with the construction of its new building:

architect $12,000.00
land with run down building $300,000.00
removal of ...

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