The draft profit for the year of a business is ＄53 000.
During the year, the business acquired new premises and included the following costs in the cost of the premises.
The business does not charge any depreciation on premises.
What is the revised profit for the year?
1 )
＄47 000
＄48 500
3 )
＄51 500
4 )
＄59 000
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