An Investment Property Was Purchased in 2008 for $180,000

question 37

Multiple Choice

An investment property was purchased in 2008 for $180,000. The land accounted for 30% of this value. If figured on a 30-year life, what was the book value of this property after one year of straight-line depreciation?

• A) $54,000
• B) $121,800
• C) $126,000
• D) $175,800

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