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Shamba Inc. purchased land to construct an office building. The land had an existing clothing factory on it that had to be demolished. The cost

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Shamba Inc. purchased land to construct an office building. The land had an existing clothing factory on it that had to be demolished. The cost of demolishing the old clothing factory is recorded as: Cost of land improvements which is depreciated. Cost of constructing the office building. Cost of land which is not depreciated. None of the available answers are correct

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