A Company Made the Following Expenditures in Connection with the Construction

question 16

Essay

A company made the following expenditures in connection with the construction of its
new building:
$\begin{array}{|l|r|}\hline \text { Architect's fees for the new building } & \$ 12,000 \\\hline \text { Cash paid for land and run-down building on the land } & 300,000 \\\hline \text { Removal of old building } & 18,000 \\\hline \text { Salvage from sale of old building materials } & 4,000 \\\hline \text { Construction survey to site the new building } & 1,500 \\\hline \text { Legal fees for title search } & 3,000 \\\hline \text { Excavation for basement construction } & 25,000 \\\hline \text { Machinery purchased for operations } & 100,000 \\\hline\begin{array}{l}\text { Storage charges on machinery because building was } \\\text { not ready when machinery was delivered }\end{array} & 900 \\\hline \text { Freight on machinery purchased } & 1,600 \\\hline \begin{array}{l}\text { Hauling charges to deliver machinery from } \\\text { storageto new building }\end{array} & 300 \\\hline \text { Construction costs of new building } & 1,000,000 \\\hline \text { Landscaping } & 20,000 \\\hline \text { Installation of machinery } & 2,500\\\hline\end{array}$
Prepare a schedule showing the amounts to be recorded as land,buildings,and machinery.

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Definitions:

Personal Standards

Individual criteria or guidelines set by oneself that dictate one's quality of work, behavior, and lifestyle.

Brand Community

A group of customers who are invested in a brand beyond just purchasing its products or services, often engaging with each other and the brand itself.

Structured Relationships

Organized and often formal interactions that follow defined rules or patterns, typically within a professional or institutional setting.

Reference Groups

Social groups that individuals look to as a basis for self-assessment or as a source of personal standards.