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6 3 pts Wilco Inc. just completed construction of a new corporate headquarters building at a total cost of $6.25 million which was substantially over
6 3 pts Wilco Inc. just completed construction of a new corporate headquarters building at a total cost of $6.25 million which was substantially over budget due to unforeseeable cost overages. The fair value of the building at the time of completion is $5.95 million. Wilco should recognize the building on their balance sheet at their cost of $6.25 million. True False
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