Lucas Incorporated had recently completed construction of a new manufacturing facility. Prior to the approval of the
Question:
Material ................. $ 320,000
Labour .................. 550,000
Incremental overhead ........... 120,000
General overhead ............. 50,000
Interest costs on general loan........ 100,000
Cost permits............... 20,000
Required:
Provide the total amount of construction costs that would be capitalized to the cost of the building using ASPE.
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Related Book For
Intermediate Accounting
ISBN: 978-0071339476
Volume 1, 6th Edition
Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
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