Question: Airy Company solicited bids from several contractors to construct an addition to its office building. The lowest bid received was for $575,000. Airy Company decided

Airy Company solicited bids from several contractors to construct an addition to its office building. The lowest bid received was for $575,000. Airy Company decided to construct the addition itself at a cost of $435,000. What amount should be recorded in the building account?

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