During the current year, Dimasalang Company had the following transactions pertaining to the new office building. Purchase price of land as a building site P 600,000 Legal fees for contract to purchase land 20,000 Architect fee 80,000 Demolition of old building 50,000 Sale of scrap from old building 30,000 Construction cost of new building 3,400,000

During the current year, Dimasalang Company had the following transactions pertaining to the new office building. Purchase price of land as a building site P 600,000 Legal fees for contract to purchase land 20,000 Architect fee 80,000 Demolition of old building 50,000 Sale of scrap from old building 30,000 Construction cost of new building 3,400,000

Name: Land and buildingDuring the current year, Dimasalang Company had the
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Description: Land and buildingDuring the current year, Dimasalang Company had the following transactions pertaining to the new office building.Purchase price of land as a building siteP 600,000Legal fees for contract to purchase land20,000Architect fee80,000Demo

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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