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Walnut Capital purchased an old house in West Lafayette. The company remodeled the house and rent it to students of University. Which of the following

Walnut Capital purchased an old house in West Lafayette. The company remodeled the house and rent it to students of University. Which of the following expenditure cannot be capitalized in the initial book value of the house?

purchasing price of $200,000

cost to replace its leaking roof

cost of advertisement on local radio

closing fee

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