The Net Book Value of Buildings Increased by $170,000 During

question 6

Multiple Choice

The net book value of buildings increased by $170,000 during the year.No buildings were sold during the year, and depreciation expense for the year was $55,000.How much cash was paid to purchase buildings during the year?

• A)$55,000.
• B)$115,000.
• C)$170,000.
• D)$225,000.

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