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What amount should sandhill have charged to expense

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Question

On December 1, 2018, Sandhill Corporation leased office space for 10 years at a monthly rental of $88000. On that date Sandhill paid the landlord the following amounts:

Rent deposit$88000

First month's rent88000

Last month's rent88000

Installation of new walls and offices704400

$968400

The entire amount of $968400 was charged to rent expense in 2018. What amount should Sandhill have charged to expense for the year ended December 31, 2018?

Reference no: EM132324939

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