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Rental Ltd recently acquired three two-storey buildings, Suitable tenants for these buildings have been located. The cost incurred were a purchase price of N$400,000; property
Rental Ltd recently acquired three two-storey buildings, Suitable tenants for these buildings have been located. The cost incurred were a purchase price of N$400,000; property transfer taxes N$20,500; attorney costs for legal services N$18,000; borrowing costs (as per IAS23) of N$2,560; start-up costs of N$10,000. Calculate the cost to be capitalised for each building. Select one: A. N$451,060 B. N$441,060 C. N$438,500
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