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Find which is included in the cost of constructing building

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Problem 1: The carrying amount (i.e. NRV) of Accounts Receivable is $19,000 before the write off of a $2,500 uncollectible accounts receivable. What is the carrying amount after the write off?
a) HST Expense.
b) HST Payable.
c) HST Recoverable.
d) No entry debiting HST is needed.

Problem 2: Which of the following is included in the cost of constructing a building?

(a) cost of paving a parking lot
(b) cost of grading the land on which the building is to be constructed
(c) interest costs on a building loan incurred during construction
(d) cost of removing a demolished old building that existed on the land when it was purchased

Reference no: EM132807844

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