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Brazen Ltd is a privately held company using ASPE. The company has recently purchased and cleared land that it is using for the construction of

Brazen Ltd is a privately held company using ASPE. The company has recently purchased and cleared land that it is using for the construction of a new building. Brazen has temporarily rented out space in a completed wing of the building to a local Toast Master's group for its weekly meetings for use until the remaining construction is completed. How should the $1,500 rental fee be treated? O cr. Rent Revenue dr. Rent Expense O cr. Depreciation-Buildings O cr. Buildings

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