On March 1, 2013, Penguin 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 "building" in fiscal 2013?

Question

On March 1, 2013, Penguin 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 "building" in fiscal 2013?

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The Answer of On March 1, 2013, Penguin 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 "building" in fiscal 2013?

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