Title: Calculate the cost of fixed assets.
Course: Accounting, Advanced (12104-II) > Section: Understanding Accounting Concepts for Inventory

Calculation should include:

- Property (i.e., surveying the land; attorneys’ and real estate brokers’ fees; title searches; grading, draining, and clearing the land)
- Plant (i.e., architects’ and engineers’ fees, legal fees, building permits, labor, insurance)
- Equipment (i.e., purchase, freight, assembly and/or installation)