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Intermediate Accounting (ACCT 3103 and Kieso, Intermediate Accounting, 16e CALCULATOR SIANDARD VIEW PRINTER VERSION BACK Exercise 10-5 Ben Sisko Supply Company, a newly formed corporation, incurred the following expenditures related to Land, to Buildings, and to Machinery and Equipment. Abstract company's fee for title search Architect's fees Cash paid for land and dilapidated building thereon Removal of old bailding $520 3,170 87,000 $20,000 Less: Salvage Interest on short-term loans during construction Excavation before construction for basement Machinery purchased (subject to 2% cash discount, which was not taken) Freight on machinery purchased Storage charges on machinery, necessitated by noncompletion of 5,500 14,500 7,400 19,000 55,000 1,340 2,180 building when machinery was delivered New building constructed (building construction took 6 months from date of purchase of land and old building) Assessment by city for drainage project Hauling charges for delivery of machinery from storage to new building Installation of machineny Trees, shrubs, and other landscaping after completion of building 485,000 1,600 620 2,000 5,400 (permanent in nature) Determine the amounts that should be debited to Land, to Buildings, and to Machinery and Equipment. Assume the benefits of capitalizing construction exceed the cost of implementation. Company uses net method to record discount. (Please leave spaces blank if enter zeros in those spaces.) there is no

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