Question
A building was purchased on January 1 that had an estimated useful life of 40 years and a residual value of $40,000. The company's Depreciation
A building was purchased on January 1 that had an estimated useful life of 40 years and a residual value of $40,000. The company's Depreciation Expense for that year was $40,000 on the building. What was the original cost of the building ? (straight-line depreciation expense)
A.$720,000
B.$760,000
C.$800,000
D. $840,000
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The Volunteers Audit Guide For Churches And Other Non Profits A Step By Step Workbook For Internal Reviews Of Non Profit Organizations
Authors: Edd Breeden
1st Edition
1079582401, 978-1079582406
