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Arlettes pet shop purchases a

Arlette's Pet Shop purchases a building. The purchase price per the contract is $250,000. The cost of building permits is $3,500. Conversion costs to kennel and pet care facilities total $125,000. What amount should be recorded by Arlette's Pet Shop as the cost of the building?

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Accounting Basics: Arlettes pet shop purchases a

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Accounting Basics: Arlettes pet shop purchases a

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