An Office Building Worth $1 Million When Completed in 2000

question 149

Multiple Choice

An office building worth $1 million when completed in 2000 is being depreciated linearly over 80 years. What will be the book value of the building in 2048? (Assume the scrap value is $0.)

• A) The book value of the building in 2048 will be $400,000.
• B) The book value of the building in 2048 will be $600,000.
• C) The book value of the building in 2048 will be $200,000.
• D) The book value of the building in 2048 will be $300,000.

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