On January 1, 2007, Antelope Ltd

question 34

Multiple Choice

On January 1, 2007, Antelope Ltd.purchased a building for $800,000.At this time, 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, 2017, it is decided to put the building up for sale at for $1,200,000.At December 31, 2017, the building is still for sale.The correct depreciation to record for 2017 is

• A)$0.
• B)$25,000.
• C)$40,000.
• D)$60,000.

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Definitions:

Uterus

A female reproductive organ where a fertilized egg implants and develops into a fetus.

Fetus

The developmental stage of a mammal occurring after embryonic stage and before birth, during which organs and structures continue to develop.

Menstrual Cycle

The monthly series of physiological changes in women and female primates that involves ovulation and the possibility of fertilization if sexual intercourse occurs.

Vulva

The external female genitalia that encompass the opening of the vagina and other structures.