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ustudio inc. purchased an old office building for $175,000 for use in expanding its current operations. an additional $15,000 was spent painting and remodeling the

ustudio inc. purchased an old office building for $175,000 for use in expanding its current operations. an additional $15,000 was spent painting and remodeling the building in preparation for its opening. every six months, the company pays $500 to have the air conditioning system checked and maintained. What is the initial basis of the building? 175,500

190,000

190,500

175,000

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