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A Company Purchased Land on Which to Construct a New

Question 245

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A company purchased land on which to construct a new building for a cost of $350,000. Additional costs incurred were: A company purchased land on which to construct a new building for a cost of $350,000. Additional costs incurred were: What total dollar amount should be charged to Land and what amount should be charged to Building or other accounts? What total dollar amount should be charged to Land and what amount should be charged to Building or other accounts?

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All costs except landscaping, ...

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