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Holly, Inc. has a building that originally cost $562,500. Holly expects to be able to sell the facility for $160,500 at the end of its
Holly, Inc. has a building that originally cost $562,500. Holly expects to be able to sell the facility for $160,500 at the end of its useful life. The balance of the related Accumulated Depreciation account is $387,000. The residual value of the facility is:
Multiple Choice
$175,500.
$226,500.
$402,000.
$160,500.
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