Question
A company purchased a building for $900,000 on January 1. The building is being depreciated over 40 years with an estimated residual value of $100,000.
A company purchased a building for $900,000 on January 1. The building is being depreciated over 40 years with an estimated residual value of $100,000. What will be the book value of the building in 10 years (assuming a December 31 year-end)?
a. $700,000
b. $575,000
c. $600,000
d. $675,000
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Fraud Examination
Authors: W. Steve Albrecht, Chad O. Albrecht, Conan C. Albrecht, Mark F. Zimbelman
5th edition
1305079140, 978-1305079144
