The purchase of a new cooling system for $150,000 to upgrade an office building owned by the company would be accounted for as:
A) Goodwill.
B) An addition in the Buildings account.
C) An expense in the period of the purchase.
D) A patent.
Answer: B
Accounting MCQ
Accounting
The purchase of a new cooling system for $150,000 to upgrade an office building owned by the company would be accounted for as:
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