Flint Corp. acquired a property on September for $ paying $ in transfer taxes and a $ real estate fee.
Based on the provincial assessment information, of the property's value was related to the building and to the land. It is
estimated that the building, with proper maintenance, will last for years, at which time it will be torn down and have zero salvage
value. Flint, however, expects to use it for years only, as it is not expected to suit the company's purposes after that. The company
should be able to sell the property for $ at that time, with $ of this amount being for the land. Flint prepares financial
statements in accordance with IFRS.
Depreciation expense should be calculated to the nearest half month.
a
Assuming a December year end, identify the building's cost.
Cost of the building $
