Question $1(1$ point$)$

Rebuilt Inc. purchased a new building in order to open a new store. Rebuilt Inc. paid

$$250,000$ in cash for the purchase. How would this transaction impact the

accounting equation?

Cash and Buildings would increase.

Cash would decrease and Buildings would increase.

Cash would decrease and Building expense would increase.

Cash and Buildings Expense would increase.

$0$ of $15$ questions saved Acquiring property plant and equipment necessary to operate the business is called a