Reference no: EM131644082

Problem -  Adama Company incurred the following costs.

1. Sales tax on factory machinery purchased       $ 5,000

2. Painting of and lettering on truck immediately upon purchase 700

3. Installation and testing of factory machinery  2,000

4. Real estate broker's commission on land purchased    3,500

5. Insurance premium paid for first year's insurance on new truck 88o

6. Cost of landscaping on property purchased     7,200

7. Cost of paving parking lot for new building constructed             17,900

8.  Cost of clearing, draining, and filling land         13,300

9. Architect's fees on self-constructed building  10,000

Instructions - Indicate to which account Adama would debit each of the costs. Determine acquisition costs of land.