Who has dpgr and in what amount


Don is the owner of a large apartment complex, that was built 30 years ago. As the complex is in serious need of renovation, Don pays Cardinal Construction Corporation $2.8 million to do the work. Don also pays an architect $400,000 to draw up plans for the project. Because the rewiring requirements are so extensive, Cardinal pays Dove Electric Company $500,000 to handle this part of the renovation. At all times title to the apartment complex remains with Don. Who has DPGR and in what amount?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Who has dpgr and in what amount
Reference No:- TGS047799

Expected delivery within 24 Hours