Extravagant Inc has acquired a new building. It had incurred the fo lowing costs: I. Stamp duty II. Real estate agent's fees III. Architect's fees for drawings for internal adjustments to the building to be made before use IV. Cost of changing the name on the building V. Cost of changing the parking bays VI. Cost of refurbishing the lobby to the building to attract customers and make it more user friendly Required: Advise Extravagant Inc. on the cost that can be capitalized in accordance with IAS
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