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    Expenditure constructing building: capitalize land building

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    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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    https://brainmass.com/business/accounting/expenditure-constructing-building-capitalize-land-building-510117

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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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