A Building Was Purchased for $100 000 and Used for Four

question 83

Multiple Choice

A building was purchased for $100 000 and used for four years of its estimated 10-year life. It has no residual value and the straight-line method is used. The carrying value of the building after the four years' usage would be reported on the balance sheet at:

• A) $20 000.
• B) $40 000.
• C) $60 000.
• D) $80 000.

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