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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).

Parking lots

Electricity used by a machine

Filling and grading of the land

Architect fees

Cost of trial runs for machinery

Insurance on the machine while in transit

Construction costs of a new building

Fences

Annual insurance on the building

Cost of tearing down a building on the land to get it ready for a new building

1.

E

2.

L

3.

LI

4.

X

5.

B

 

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