A building was purchased for $22,000. At the time of purchase, it was thought that the building would be used for 5 years and sold at the end of that time for $2,000. The building was actually sold after a total of 7 years for $3,000. Which one of these numbers represents the asset's book value at the end of Year 1? $2,000 $3,000 $22,000 O The book value is not provided in the problem.

A building was purchased for $22,000. At the time of purchase, it was thought that the building would be used for 5 years and sold at the end of that time for $2,000. The building was actually sold after a total of 7 years for $3,000. Which one of these numbers represents the asset's book value at the end of Year 1 ? $2,000 $3,000 $22,000 The book value is not provided in the