A Company Purchased a Building for $900,000 on January 1

question 18

Multiple Choice

A company purchased a building for $900,000 on January 1. The building is being depreciated over 40 years with an estimated residual value of $100,000. What will be the book value of the building in 10 years (assuming a December 31 year end) ?

• A)$575,000
• B)$600,000
• C)$675,000
• D)$700,000

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