Costs Included in Assets
Below Is a List of Various

Costs included in assets
Below is a list of various expenditures that an organization could make. In the columns marked Land, Building, Equipment, and Expensed, indicate by a “+” or “–“ which columns the expenditure would be added to or subtracted from. The first has been done for you as an example.

$$\begin{array} { | l | l | l | l | l | } \hline \text { Item } & \text { Land } & \text { Building } & \text { Equipment } & \text { Expensed } \\\hline \text { 0. Construction costs } & & + & & \\\hline \text { 1. Title search } & & & & \\\hline \text { 2. Property transfer tax } & & & & \\\hline \text { 3. Installation of equipment } & & & & \\\hline \text { 4. Soil decontamination costs } & & & & \\\hline \text { 5. Transportation costs of equipment } & & & & \\\hline \text { 6. Labour to construct building } & & & & \\\hline \text { 7. Special foundation for machinery } & & & & \\\hline \text { 8. Damage to machinery while uncrating } & & & & \\\hline \begin{array} { l } \text { 9. Proceeds from salvage of old building on } \\\text { land purchased for factory site }\end{array} & & & & \\\hline \begin{array} { l } \text { 10. Property taxes in arrears paid on } \\\text { purchase }\end{array} & & & & \\\hline \text { 11. Insurance on building after occupancy } & & & & \\\hline \text { 12. Clearing land for factory site } & & & & \\\hline\end{array}$$