Identify the following costs that could be capitalized on the firm’s balance sheet (included in property, plant, and equipment). a. New windshield wiper blades on the company’s truck b. New sidewalks inside the firm’s factory c. Freight expenses for new equipment installed in the factory d. Installation costs for the new equipment e. Realtor’s fees associated with factory purchase f. Minor engine repair on the truck g. Engine replacement on the truck h. Razing or demolishing a building on newly acquired land i. Design costs for a new building g. Value-added tax k. Construction expenses associated with building a garage l. Costs required to bring the equipment to its intended location m. Administration and other general overhead costs n. Salaries of HR department o. Wasted materials, labour and other resources p. idle capacity
Identify the following costs that could be capitalized on the firm’s balance sheet (included in
property, plant, and equipment).
a. New windshield wiper blades on the company’s truck
b. New sidewalks inside the firm’s factory
c. Freight expenses for new equipment installed in the factory
d. Installation costs for the new equipment
e. Realtor’s fees associated with factory purchase
f. Minor engine repair on the truck
g. Engine replacement on the truck
h. Razing or demolishing a building on newly acquired land
i. Design costs for a new building
g. Value-added tax
k. Construction expenses associated with building a garage
l. Costs required to bring the equipment to its intended location
m. Administration and other general overhead costs
n. Salaries of HR department
o. Wasted materials, labour and other resources
p. idle capacity
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