At the Beginning of the Year,the Balance in the Buildings

question 83

Multiple Choice

At the beginning of the year,the balance in the Buildings account was $1,000,000.At the end of the year,the balance in the Buildings account was $2,000,000.During the year,a building was purchased for $1,500,000.This was the only purchase of buildings during the year.What was the cost of the building or buildings sold during the year?

• A)$0
• B)$500,000
• C)$1,000,000
• D)$1,500,000

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