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On March 1, 2013, Pear Company (PC)had Been Renting Its

Question 39

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On March 1, 2013, Pear Company (PC) had been renting its office building for several years and decided to have a new office building constructed. On April 1, 2013, it acquired land with an abandoned warehouse on it for $100,000. Other costs included: On March 1, 2013, Pear Company (PC) had been renting its office building for several years and decided to have a new office building constructed. On April 1, 2013, it acquired land with an abandoned warehouse on it for $100,000. Other costs included: How much will be capitalized to land in fiscal 2013? A) $100,000 B) $102,400 C) $118,400 D) $124,000 How much will be capitalized to "land" in fiscal 2013?


A) $100,000
B) $102,400
C) $118,400
D) $124,000

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