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2 PK Properties purchased a warehouse for $16 milion ten years ago. Four years ago, the company repaired the roof at a cost of $220.001.
2 PK Properties purchased a warehouse for $16 milion ten years ago. Four years ago, the company repaired the roof at a cost of $220.001. Last year, the electrical wiring and lights were upgraded at a cost of $134,001 The annual taxes on the property are $28,500 and the rental income is $170,001. The warehouse has a current book value of SB00.000 and a market value of $195 million. The property is totally debt free. PK is considering converting the building into a discount retailer of bulk goods. The cost of the conversion would be $95,000 and could be started next month when the existing lente on the building expires. When analyzing the bulk goods option, what value should PK assign as the initial cost of the project? Answer Indoor 1 Multiple Choice $2.215.000 $95.000 $895.000 51249.000 Sinds $2.045,000 0006 IS 5895,000 000 565 000 SHCES Multiple Choice
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