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BizTech bought a new building for its headquarters in the year 2015. The building cost 732,757 dollars and the company spent an additional 93,033 dollars
BizTech bought a new building for its headquarters in the year 2015. The building cost 732,757 dollars and the company spent an additional 93,033 dollars renovating the space before it was put into service. The building has been in use since October 21st, 2015. BizTech forecasted that in 2040 the building would have a net salvage value of $1,000,000. Estimate the Remaining Book Value of the building in 2029 if BizTech decides to sell the building on February 15th 2029 for $1,081,899.
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