Question

Mappleback Incorporated had recently completed construction of a new manufacturing facility. Prior to the approval of the building permits the company operated a parking lot on the land. his parking lot had revenues net of costs of $ 50,000. Total construction costs were as follows:
Material............. $ 300,000
Labour ............... 600,000
Incremental overhead ......... 120,000
General overhead .......... 50,000
Interest costs .......... 100,000
Cost permits .......... 20,000

Required:
Provide the total amount of construction costs that would be capitalized to the cost of the building.



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  • CreatedFebruary 17, 2015
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