Harshman company constructed a building for its own use. the company incurred costs of $40,000 for materials and supplies, $68,000 for direct labor, and $7,000 for a supervisor’s overtime that was caused by the construction. harshman uses a factory overhead rate of 50% of direct labor cost. before construction, the company had received a bid of $162,000 from an outside contractor.1.assuming common practice is followed, at what value should harshman capitalize the building? 2.the cost of the constructed asset will more closely approximate the cost of an equivalent purchased asset when the (blank) approach is used.3. harshman company constructed a building for its own use. the company incurred costs of $40,000 for materials and supplies, $68,000 for direct labor, and $7,000 for a supervisor’s overtime that was caused by the construction. harshman uses a factory overhead rate of 50% of direct labor cost. before construction, the company had received a bid of $135,000 from an outside contractor. at what amount should the building be recorded on the company's books?