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Business, 23.12.2020 23:50 lllamasarebae3061

On February 1, 2020, Bramble Corp. purchased a parcel of land as a factory site for $315000. An old building on the property was demolished, and construction began on a new building which was completed on November 1, 2020. Costs incurred during this period are listed below: Demolition of old building $ 22000 Architect's fees 35400 Legal fees for title investigation and purchase contract 5600 Construction costs 1401000 (Salvaged materials resulting from demolition were sold for $10000.) Bramble should record the cost of the land and new building, respectively, as

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On February 1, 2020, Bramble Corp. purchased a parcel of land as a factory site for $315000. An old...
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