Mathematics, 11.06.2021 07:30 FlyingUnicorn123
Zyrine Company purchased for P4.500.000 a tract of land as a factory site. An existing building on the property was razed and construction was begun on a new factory building. The entity incurred the following costs:Cost of razing old building, net of proceeds from salvaged materials 300,000Title insurance and legal fees to purchase land 200,000Architect fee 950,000New building construction cost 8,000,000What is the cost of building in accordance with PIC Interpretation ? *
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