A Building Was Purchased on August 1 for $450,000

question 78

Multiple Choice

A building was purchased on August 1 for $450,000.It has a salvage value of $38,000 and a useful life of 35 years.To the nearest dollar,how much will the depreciation expense for the building be for the first year ended December 31,using the straight-line method?

• A)$12,857
• B)$5,357
• C)$4,905
• D)$11,771

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Definitions:

Anatomical Differences

Variations in the structure of organisms, often between sexes or species, that are studied in anatomy.

Skeptical

Having an attitude of doubt or a disposition to incredulity either in general or toward a particular object.

Autonomic Nervous System

The part of the nervous system responsible for control of the bodily functions not consciously directed, such as breathing, the heartbeat, and digestive processes.

Functions

Refers to the specific roles or activities that an entity (such as a system, organ, or component) is designed or naturally evolved to perform.