Chapter 9 PPE Costs Classification

Purchase price

Land

Closing costs (title, legal fees, commissions, recording fees)

Land

Site preparation (grading, filling, draining, clearing)

Land

Assumption of liens, mortgages, unpaid taxes

Land

Permanent improvements (e.g., sewers, streetlights)

Land

Demolition costs (net of salvage value)

Land

Costs up to excavation for a building

Land

Driveways

Land Improvements

Parking lots

Land Improvements

Fencing

Land Improvements

Lighting

Land Improvements

Landscaping with limited life (plants, trees, sprinklers, retaining walls)

Land Improvements

Purchase price (building purchase)

Buildings

Closing costs (attorney, title insurance, commissions)

Buildings

Assumption of taxes/mortgages

Buildings

Remodeling/repairs to ready building

Buildings

Contract price

Buildings

Architect fees and permits

Buildings

Excavation

Buildings

Direct construction-related costs (valuation, advisory, security)

Buildings

Interest on construction financing

Buildings

Materials (self-construction)

Buildings

Direct labor (self-construction)

Buildings

Pro-rata share of overhead (self-construction)

Buildings

Interest during construction (self-construction)

Buildings

Purchase price (incl. sales tax)

Equipment

Freight/shipping charges

Equipment

Insurance during transit

Equipment

Assembly, installation, testing

Equipment

Vehicle licenses (recurring)

Expense/Prepaid (not Equipment)

Annual insurance (recurring)

Expense/Prepaid (not Equipment)