Steamatic of kansas city inc. specialized in cleaning and restoring property damaged by fire, smoke, water, or other elements. it employed rhea as a marketing representative. his duties included soliciting customers, preparing cost estimates, supervising restoration work, and conducting seminars. at the time of his employment, rhea signed a non competition agreement prohibiting him from entering into a business in competition with steamatic within six counties of the kansas city area for a period of two years after the termination of his employment with steamatic. late in 1987, rhea decided to leave steamatic. in contemplation of the move, he secretly extracted the agreement restricting his postemployment activity from the company’s files and destroyed it. steamatic learned of this and discharged rhea. steamatic filed suit against rhea to enforce the non competition agreement when it learned that he was entering a competing business. will the noncompetition agreement be enforced

Flounder supply company, a newly formed corporation, incurred the following expenditures related to land, to buildings, and to machinery and equipment. abstract company’s fee for title search $1,066 architect’s fees 6,499 cash paid for land and dilapidated building thereon 178,350 removal of old building $41,000 less: salvage 11,275 29,725 interest on short-term loans during construction 15,170 excavation before construction for basement 38,950 machinery purchased (subject to 2% cash discount, which was not taken) 112,750 freight on machinery purchased 2,747 storage charges on machinery, necessitated by noncompletion of building when machinery was delivered 4,469 new building constructed (building construction took 6 months from date of purchase of land and old building) 994,250 assessment by city for drainage project 3,280 hauling charges for delivery of machinery from storage to new building 1,271 installation of machinery 4,100 trees, shrubs, and other landscaping after completion of building (permanent in nature) 11,070 instructions determine the amounts that should be debited to land, to buildings,and to machinery and equipment. assume the benefits of capitalizing interest during constructionexceed the cost of implementation. indicate how any costs notdebited to these accounts should be recorded.