B-10.03 Problem

B-10.03 Problem - B-10.03 Evaluate the following costs and...

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B-10.03 Evaluate the following costs and decide if each is a "capital expenditure" or not. Then, if a capital expenditure, decide which account the cost should be recorded in: Land, Land Improvement, Building, or Equipment. The first item is done as an example. Capital Category Yes No Land Land Improvement Building Equipment Delivery cost of new furniture √√ Wages paid to guard at office building Fees for title insurance on land purchase Cost of periodic repainting of parking lot
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

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