A company purchases a remote site building for data warehouse operations. 

The building will be suitable for operations after expenditures. The wiring must be replaced to computer specifications and data specifications. 

The roof is leaky and must be replaced. All rooms must be repainted and and there will also be some plumbing work done. Which of the following statements is true?

 Group of answer choices 

1-The cost of the building will not include the repainting and recarpeting costs. 

2-The cost of the building will include the cost of replacing wiring and the roof.

 3-The cost of the building is the purchase price of the building, while the additional expenditures are all capitalized as Building Improvements.

 4-The wiring is part of the computer costs, not the building cost.

Answer rating: 100% (QA)

The answer is 3 All buildings that are acquired through purchase are required by principle to be cap... View the full answer