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When a second-hand building is purchased which of the following should be recognised in a separate asset account instead of being debited to the building
When a second-hand building is purchased which of the following should be recognised in a separate asset account instead of being debited to the building account?
a.
Stamp duty paid on the building purchase
b.
Expenditure on initial repairs to the floor of the building
c.
Legal fees for the purchase of the building
d.
The cost of installing an air conditioning system
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