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    Intermediate Accounting Study Set 9
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    Exam 10: Acquisition and Disposition of Property, Plant, and Equipment
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    When Land with an Old Building Is Purchased as a Future
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When Land with an Old Building Is Purchased as a Future

Question 114

Question 114

True/False

When land with an old building is purchased as a future building site, the cost of removing the old building is part of the cost of the new building.

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