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Wang Apartments Purchased an Apartment Building to Rent to University

Question 175

Multiple Choice

Wang Apartments purchased an apartment building to rent to university students on November 18,2013.The following costs were incurred during 2013,before the tenants moved in: Wang Apartments purchased an apartment building to rent to university students on November 18,2013.The following costs were incurred during 2013,before the tenants moved in: How much will Wang Apartments record as an asset? A) $320,000 B) $345,000 C) $351,000 D) $355,000 How much will Wang Apartments record as an asset?


A) $320,000
B) $345,000
C) $351,000
D) $355,000

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