Indicate Whether Each of the Following Expenditures Should Be Classified

question 219

Essay

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. Parking lots
_____ 2. Electricity used by a machine
_____ 3. Excavation costs
_____ 4. Interest on building construction loan
_____ 5. Cost of trial runs for machinery
_____ 6. Drainage costs
_____ 7. Cost to install a machine
_____ 8. Fences
_____ 9. Unpaid (past) property taxes assumed
_____10. Cost of tearing down a building when land and a building on it are purchased

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Definitions:

Key Source Of Energy

A primary or significant origin from which energy is obtained, affecting energy consumption and sustainability practices.

Need For Change

The recognition that organizational or personal adjustments are necessary to address challenges or improve conditions.

Norms And Procedures

Established guidelines and methods of operation within an organization or society that dictate expected behavior and actions.

External Party

An individual or group outside of an organization that interacts or has a relationship with it.