Question: Triplent Company solicited bids from several contractors to construct an addition to its office building. The lowest bid received was for $750,000. Triplent Company decided

Triplent Company solicited bids from several contractors to construct an addition to its office building. The lowest bid received was for $750,000. Triplent Company decided to construct the addition itself at a cost of $590,000. What amount should be recorded in the building account?

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