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How would I account for this? The county approved GBIs building plans for their new warehouse. Estimated building costs are $1,100,000 which will be funded

How would I account for this?

The county approved GBIs building plans for their new warehouse. Estimated building costs are $1,100,000 which will be funded via a mortgage from Bank of America. GBI plans to break ground on the new building April 18th of this year.

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