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:

San Lorenzo

An archaeological site in Mexico, notable for its colossal Olmec sculptures and as an early center of Olmec civilization.

La Venta

An ancient Olmec civilization site in Mexico, known for its colossal stone heads, ceremonial complexes, and as a center for Olmec culture from 1200 BCE to 400 BCE.

Olmec Culture

An early Mesoamerican civilization known for its monumental sculpture, particularly the colossal stone heads, and its influence on later cultures.

Classic Maya

Refers to the period and region in ancient Mesoamerica known for its advancements in art, architecture, astronomy, and hieroglyphic writing.