Indicate whether each of the following expenditures should be classified as:
-Cost to install a machine
A) land (L)
B) land improvements (LI)
C) buildings (B)
D) equipment (E)
E) none of these (X).

Question

Quizplus · Accepted Answer

The cost to install a machine is directly associated with the equipment itself, making it part of the equipment category (D). This includes any expenses incurred to bring the machine to its intended operational state, such as installation costs.

Indicate Whether Each of the Following Expenditures Should Be Classified