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Organization and promotion expenses

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1. The Buildings account of Postera Inc. includes the following items that were used in determining the basis for depreciating the cost of a building.

(a) Organization and promotion expenses.

(b) Architect's fees.

(c) Interest and taxes during construction.

(d) Interest revenue on investments held to fund construction of a building. Do you agree with these charges? If not, how would you deal with each of the items above in the corporation's books and in its annual financial statements?

Reference no: EM131117929

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