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A building was purchased for $61,500. The asset has an expected useful life of 8 years and depreciation expense each year is $6,000 using the

A building was purchased for $61,500. The asset has an expected useful life of 8 years and depreciation expense each year is $6,000 using the straight-line method. What is the residual value of the building? O$7688 O $13.500 O so O $12,688

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