stion 20 et answered d out of 1.00 On the 1st of Jan 2019, ABC Company started to construct a building to use it as property investment During 2019, the total cost that was incurred on the building under construction account for SA 500.000 During 2020, the company paid $1,800,000 additional cost and the building was completed by Sep 30th, 2020. At this date, the company received an appraisal of the current fair value for this building with $7,500,000. On 31st of Dec 2020, the new fair value for the building was 7.200,000. Based on this information, the amount that would be recognized in the income statement on the 31st of Dec 2020 will be. ng question Select one: a. $900,000 gains O b. $1,200,000 gains c. $(300,000) loss d. $0