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The city of Oak Park constructed a new storage facility using the city's own public works employees. Construction costs were incurred in trhe amount of
The city of Oak Park constructed a new storage facility using the city's own public works employees. Construction costs were incurred in trhe amount of $900,000, plus interest on short-term notes used to finance construction. To record the entry for the new facility the amount that should be capitalized as a capital asset is: A. $900,000 B. $925,000 C. $875,000 D. $0
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