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CONCEPTS IN FED.TAX.,2020-W/ACCESS

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter9: Acquisitions Of Property

Section: Chapter Questions

Problem 46P

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Need help with this question solution general accounting

Horizon Corporation constructed its own warehouse facility. The cost of
materials was $750,000. Labor cost incurred on the construction project was
$920,000. Total overhead cost for the company for the year was $5,400,000;
total labor cost (including the cost of construction) was $3,680,000. Interest
incurred to finance the construction cost was $210,000.
Compute the total cost of the warehouse.

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