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9 Snaau A building was purchased for $63,500. The asset has an expected useful life of eight years and depreciation expense each year is $5,000

9 Snaau A building was purchased for $63,500. The asset has an expected useful life of eight years and depreciation expense each year is $5,000 using the straight-line method. What is the residual value of the building? Multiple Choice O 50. $12,938. $7,938. $23.500 image text in transcribed

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