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Brigadoon Consulting bought a building and the land on which it is located for $179,000...

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Accounting

Brigadoon Consulting bought a building and the land on which it is located for $179,000 cash. The land is estimated to represent 70 percent of the purchase price. The company paid $19,000 for building renovations before it was ready for use. Required:1. The renovation costs should be capitalized. multiple choiceFalseTrue

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