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On March 1,2019,Penguin Company (PC)had Been Renting Its Office Building

Question 22

Multiple Choice

On March 1,2019,Penguin Company (PC) had been renting its office building for several years and decided to have a new office building constructed.On April 1,2019,it acquired land with an abandoned warehouse on it for $100,000.Other costs included:
On March 1,2019,Penguin Company (PC) had been renting its office building for several years and decided to have a new office building constructed.On April 1,2019,it acquired land with an abandoned warehouse on it for $100,000.Other costs included: How much will be capitalized to building in fiscal 2019? A) $380,000 B) $400,000 C) $420,000 D) $440,000
How much will be capitalized to "building" in fiscal 2019?


A) $380,000
B) $400,000
C) $420,000
D) $440,000

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