Question

If we have to get the building materials of a house from a far off place, would it affect the cost
of building the house? Why?​

Answer 1

Answer:

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Explanation:

Expensing a construction cost is simply recording the purchase as an expense on the income, or, profit-and-loss (P&L) statement. Let's look at an example under a traditional double-entry accounting system: Build-It Construction Co. is invoiced for a $500 equipment rental.