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Indicate whether each of the following expenditures should b

Indicate whether each of the following expenditures should be classified as land (L), land improvements (LI), buildings (B), equipment (E), or none of these (X).

_____ 1. Computer installation cost
_____ 2. Driveway cost
_____ 3. Architect's fee
_____ 4. Surveying costs
_____ 5. Grading costs
_____ 6. Cost of lighting for parking lot
_____ 7. Insurance while in transit and freight on computer purchased
_____ 8. Material and labor costs incurred to construct factory
_____ 9. Cost of tearing down a warehouse on land just purchased
_____10. Utility cost during first year

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Indicate whether each of the following expenditures should be classified as land (L), land improvements (LI), buildings (B), equipment (E), or none of these (X).

_____ 1. Computer installation cost ...

Solution Summary

Indicate whether each of the following expenditures should be classified as land (L), land improvements (LI), buildings (B), equipment (E), or none of these (X).

_____ 1. Computer installation cost
_____ 2. Driveway cost
_____ 3. Architect's fee
_____ 4. Surveying costs
_____ 5. Grading costs
_____ 6. Cost of lighting for parking lot
_____ 7. Insurance while in transit and freight on computer purchased
_____ 8. Material and labor costs incurred to construct factory
_____ 9. Cost of tearing down a warehouse on land just purchased
_____10. Utility cost during first year

$2.19