Stone Corporation Reported the Following Information What Amount of Amortization Was Recorded on the Building Sold

question 163

Multiple Choice

Stone Corporation reported the following information: $\begin{array}{lll} & 2017 &{2016} \\\text { Buildings (net) } & \$ 950,000& 425,000 \\\text { Cash received from sale of building } & 250,000 \\\text { Gain on sale of building } & 35,000 \\\text { Cost of building purchased during 2017 } & 870,000\end{array}$ What amount of amortization was recorded on the building sold in 2017?

• A) $130,000
• B) $95,000
• C) $125,000
• D) $160,000

---

Definitions:

Marital Success

The condition in which a marriage achieves enduring connection, satisfaction, and well-being for both partners.

Social Support

Aid and succor provided by members of one’s social networks.

Homogamy

The practice of marrying or forming relationships with individuals who have similar social, cultural, or personal characteristics.

Polygamy

A marital practice in which an individual has more than one spouse simultaneously.