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How should killo co classify the headquarters building

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Question - KILLO Co. is committed to a plan to sell its headquarters building and has initiated actions to locate a buyer. As of this date, the building has a carrying amount of P7,500,000, a fair value of P9,000,000 and estimated costs to sell of P300,000. KILLO Co. will continue to use the building until the construction of a new headquarters is completed. How should KILLO Co. classify the headquarters building?

Reference no: EM133155597

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