A company purchased a building on January 1, 2024, for $257,000 In addition, during 2024 the following costs related to the building have been incurred Utilities $ 19,000 Property tax 4,700 Expansion of the building 60,000 New air conditioning system 35,000 General maintenance $ 26,000 The total am...

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A company purchased a building on January 1, 2024, for $257,000. In addition, during 2024 the following

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A company purchased a building on January 1, 2024, for $257,000. In addition, during 2024 the following costs related to the building have been incurred:

Utilities	$ 19,000
Property tax	4,700
Expansion of the building	60,000
New air-conditioning system	35,000
General maintenance	$ 26,000

The total amount of the expenditures that should be capitalized for the year (not including the initial purchase of the building) equals?

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Intermediate Accounting

ISBN: 9781264134526

11th Edition

Authors: David Spiceland

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Posted Date: Feb 05, 2024 10:13 PM

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A company purchased a building on January 1, 2024, for $257,000. In addition, during 2024 the following

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Intermediate Accounting

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