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What ben company should classify the building as

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On January 2, 2015, Ben Company intends to sell its building with a carrying value of P3.8M but with a fair value of P4.2M. It will continue to use the asset until the construction of a new building is completed. The current building has a remaining useful life of 10 years.

Question 1: On January 2, 2015, Ben Company should classify the building as

Reference no: EM132627897

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