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gixer613
Sep 29, 2008, 05:59 PM
Ok, I know that Buildings are an asset and are placed as a debit. I have a total cost of land that includes the price of land, tear down cost of an old building, labor tear down costs and money to fill in the lot. I also have land improvements that accrued an amount and cost for construction of a new building. How would I prepare these items in a single journal entry???

Please Help!! Thanks