CH 7 Flashcards by Caitlin Conley

Q

Purchase Price

A

Land Account

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Q

Brokerage Commission

A

Land Account

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Q

Survery Fees

A

Land Account

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Q

Legal Fees

A

Land Account

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Q

Back Property Taxes

A

Land Account

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Q

Expenditures (grading/clearing land)

A

Land Account

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Q

Removing unwanted buildings

A

Land Account

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Q

Fencing

A

Land Improvements Account

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Q

Paving

A

Land Improvements Account

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Q

Security Systems

A

Land Improvements Account

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Q

Lighting

A

Land Improvements Account

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Q

Architectural Fees

A

Building Account (constructing)

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Q

Building Permits

A

Building Account (constructing)

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Q

Contractors’ Charges

A

Building Account (constructing)

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Q

Payment for material, labor, overhead

A

Building Account (constructing)

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Q

Interest in $ borrowed to finance construction

A

Building Account (constructing)

Q

Purchasing Price (building)

A

Buidling Account (purchasing)

Q

Brokerage Commissions

A

Buidling Account (purchasing)

Q

Sales and other taxes

A

Buidling Account (purchasing)

Q

Expenditures to repair/renevate

A

Buidling Account (purchasing)

Q

Purchase Price (equipment)

A

Equiptment Account

Q

Transportation from seller

A

Equiptment Account

Q

Insurance while in Transit

A

Equiptment Account

Q

Sales and other taxes

A

Equiptment Account

Purchase Commission

Equiptment Account

Installation Costs

Equiptment Account

Expenditures to test asset before it's placed in service

Equiptment Account

Cost of any special platforms

Equiptment Account

Improvements made to lease property

Leasehold Improvements Account

Depreciated or ammortized over lease term

Leasehold Improvements Account