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A Company Purchased Land on Which to Construct a New

Question 84

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A company purchased land on which to construct a new building for a cost of $250,000. Additional costs incurred were:
What total dollar amount should be charged to Land and what amount should be charged to the new Building?
A company purchased land on which to construct a new building for a cost of $250,000. Additional costs incurred were: What total dollar amount should be charged to Land and what amount should be charged to the new Building?

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All costs should be ...

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