Tacloban Company incurred the following costs at the beginning of the current year: cost of land, P1,000,000;
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Tacloban Company incurred the following costs at the beginning of the current year: cost of land, P1,000,000; cost of building, P4,000,000; remodeling and repairs prior to occupancy, P500,000; escrow fee, P100,000; clearing, leveling and landfill, P250,000; property tax for period prior to acquisition, P150,000; real estate commission P300,000. What is the cost of the building?
Related Book For
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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