Amounts debited to land:
Abstract company’s fee for title search $910
Cash paid for land and dilapidated building thereon 152,250
Removal of old building $25,375 (less salvage value)
Assessment by city for drainage project $2,800
Trees, shrubs, and other landscaping after completion of building (permanent in nature) $9,450
Total debited to land $190,785
Amounts debited to buildings:
Architect’s fees $5,548
Interest on short-term loans during construction $12,950
Excavation before construction for basement $33,250
New building constructed $848,750
Total debited to buildings: $900,948
Amounts debited to Machinery and Equipment:
Machinery purchased $94,325 (the purchase cost minus the 2% discount that was not taken, which goes to other expenses)
Freight on machinery purchased $2,345
Storage charges on machinery $3,815
Installation of machinery $3,500
Total debited to Machinery and Equipment: $103,985