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Kane Corp. bought a new building for their company headquarters on January 1, 2020 for $350,000. Before Kane Corp. could move in, they had to

Kane Corp. bought a new building for their company headquarters on January 1, 2020 for $350,000. Before Kane Corp. could move in, they had to pay $20,000 in taxes and licenses, and had to pay $120,000 to remove asbestos tiles. What is the total cost of the building to be depreciated for Kane Corp?

A. $370,000

B. $470,000

C. $490,000

D. $350,000

Needed to varify work much appreciated

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