Apax Ltd has recently constructed a shop that they will be using as their newest...
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Apax Ltd has recently constructed a shop that they will be using as their newest location. The following expenditures were incurred in making the property suitable for its intended use: land acquisition $650,000; legal fees for land acquisition $50,000; architectural fees $80,000; quantity surveyors fees $70,000; raw material cost $800,000; and labour cost $500,000. Using the cost (also known as the summation) approach, the value of the property would be determined as? Select one: a. $2,150,000 b. $2,550,000 c. $2060,000 d. $690,000,
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