SUGAR CORP had the following expenditures during 2022. ...

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Accounting

SUGAR CORP had the following expenditures during 2022.

Classify each item below and then calculate the totals for each category.

Additional plumbing required for the new equipment

4,000

Architect's fees

10,000

Bricks and lumber salvaged from the demolition of the old building on land

3,000

Cash paid for equipment including sales tax of $4,286

90,000

Cash paid for land as a site to build new office on

200,000

Closing costs on the purchase of the land

7,000

Cost of clearing trees and grading the land for the plant site

8,000

Delinquent real estate taxes on land purchased

16,000

Building permit for new building

600

Gain on purchase of the land: purchase price less than current market value

20,000

Cost of moving the equipment into the factory and testing the equipment

3,000

Cost of removing old building on the site for the new office

5,000

Excavation costs for foundation of new building

6,000

Freight and insurance on equipment while in transit

1,000

Interest on short term notes during construction

700

Routine maintenance on equipment during the first year of its operation

800

Title seach on the land

900

New building constructed ( construction took 6 months

from date of purchase of land and old building)

250,000

Assessment by city for water and sewer lines

18,000

Current year's real estate taxes on land

1,500

Cost of parking lots and driveways

12,000

Perimeter fencing

9,000

Installation of underground sprinkler system

3,500

Landscape costs for mowing and planting flowers

600

Trees, shrubs and other permanent landscaping

12,000

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