Answer: Please see below for answer.
Explanation: Indicating costs as expensed or capitalized and stating the category of the assets
Captalized costs are costs added to the fixed assets accrued from buying and financing of a fixed assets which are not being deducted from revenues when they were incurred but over a period of time when calculating depreciation or amortization of the asset.
Expenses are the costs of an asset used by a company in running its operations which are deducted from revenue to determine the real revenue of a company.
1. Charges incurred to train employees to use new equipment.
----- Expensed ; nil
2. Invoice cost to purchase new equipment
---- Capitalized; Equipment cost
3. Deduction for an earl payment discount taken on the purchase of new equipment.
------- Capitalized; Equipment cost
4. Real estate commissions incurred on land purchased for a new plant.
--------Capitalized; Land cost
5. Property taxes on land incurred after it was purchased
------- Expensed; nil
6. Costs of tune-up for the truck used to deliver new equipment
---Expensed; nil
7. Costs to lay foundation for a new building
------Capitalized; Building cost
8. Insurance on a new building during the construction phase.-----Capitalised ; Building cost
