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After purchasing tinas business simon decides to add on to

Question - After purchasing Tina's business Simon decides to add on to the building. His costs are as follows:

Materials $1,000

Direct Labor 500

Direct Supervision 500

Indirect Costs 500

$2,500

What is Simon's basis in the building after the addition?

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Accounting Basics: After purchasing tinas business simon decides to add on to

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Accounting Basics: After purchasing tinas business simon decides to add on to

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