Kierov Inc

question 17

Multiple Choice

Kierov Inc.purchased a building for $800,000 on January 1, 2000.At the time of acquisition, the building had an estimated residual value of $300,000 and an estimated useful life of twenty years.The company has recorded monthly depreciation using the straight-line method.On January 1, 2010, it is decided to put the building up for sale at the price of $1,200,000.At December 31, 2010, the building is still for sale.The correct depreciation to record for 2010 is

• A)$25,000.
• B)nil.
• C)$40,000.
• D)$60,000.

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Definitions:

Disengage

To detach or withdraw from involvement in a particular activity, situation, or group.

Entrance Strategies

Plans and methodologies adopted by businesses to enter new markets or industries, which may include mergers, acquisitions, partnerships, and establishing new operations.

Sustainable Innovation

Innovation focused on creating products, processes, or practices that promote environmental sustainability and reduce negative impacts on the planet.

Collaborating

Working jointly with others or together especially in an intellectual endeavor to achieve a common goal.