Art-labeling Activity: Levels of Organization Arrange the items from the lowest to the highest level of organization. 1- Chemical or molecular level, 2- organ level, 3-cellular evel, 4- tissue level, 5-organism level, 6-organism system      level

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?