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?