A Company Purchased Land on Which to Construct a New

Question 164

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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: 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? What total dollar amount should be charged to Land and what amount should be charged to the new Building?

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