Indicate Whether Each of the Following Expenditures Should Be Classified

question 223

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 equipment
_____ 3. Sewage system cost
_____ 4. Interest on building construction loan
_____ 5. Cost of trial runs for equipment
_____ 6. Drainage costs
_____ 7. Cost to install equipment
_____ 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:

Financial Hardship

Financial hardship is a situation where an individual or family struggles to manage their finances, often leading to stress, debt, and inability to cover essential expenses.

Homeless

Homeless refers to individuals who lack stable, permanent, and appropriate housing, forcing them into situations such as living on the streets, in shelters, or in temporary accommodations.

Unemployed

The state of not being employed, including not having a job despite being willing and able to work.

Drinking and Drug Problems

Issues relating to the misuse or dependence on alcoholic beverages or narcotics, which can lead to physical, psychological, and social harm.