Brookfield Multiplex Has Estimated That a New Building Will Cost

question 8

Multiple Choice

Brookfield Multiplex has estimated that a new building will cost $2,500,000 to construct.Land was purchased a year ago for $500,000 and could be sold today for $550,000.An environmental impact study required by the state was performed at a cost of $48,000.For capital budgeting purposes,what is the relevant cost of the new building?

• A)$2,500,000
• B)$3,048,000
• C)$3,050,000
• D)$3,098,000

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