On March 30,202, Al's House of Ale purchased land for a new brewery for $310,000....

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Accounting

On March 30,202, Al's House of Ale purchased land for a new brewery for $310,000. An old
building on the property was torn down and construction began shortly thereafter. The new
brewery was ready to begin production on January 1,20x3. Costs associated with the purchase
and construction are provided below:
a. Calculate recognition value of land.
b. Calculate recognition value of brewery.
c. Calculate the amount expensed during the period.
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