A Building Was Purchased for $50,000

question 41

Multiple Choice

A building was purchased for $50,000.The asset has an expected useful life of 6 years and depreciation expense each year is $8,000 using the straight-line method.What is the residual value of the building?

• A)$0.
• B)$2,000.
• C)$4,000.
• D)$6,000.

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Definitions:

Vivid

Producing powerful feelings or strong, clear images in the mind.

Emotional

Pertaining to feelings or the ability to experience and respond to different emotions.

Sleepwalking

A disorder occurring during deep sleep, leading individuals to walk or perform other complex behaviors while not fully awake.

REM Sleep

REM sleep, or rapid eye movement sleep, is a stage of sleep characterized by the rapid movement of the eyes, vivid dreaming, and increased brain activity, playing a critical role in emotional regulation and memory consolidation.