Determine the amounts to be recorded on the books of Selig Goods Inc. December 31,2008 for each of the following properties acquired from Lebron Athletic Equipment Company. Land Building, Machinery. (b) Calculate SeligGoods Inc.'s 2009 depreciation expense for book purposes for each of the properties acquired from Lebron Athletic Equipment Company. (c) Discuss the arguments for and against the capitalization of interest costs. Intermediate Accounting:Principles and Analysis.