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Mason Farms purchased a bullding for $689,000 and made repalrs costing $136,000. The annual taxes on the property are $8,200. The bullding has a current
Mason Farms purchased a bullding for $689,000 and made repalrs costing $136,000. The annual taxes on the property are $8,200. The bullding has a current market value of $730,000 and a current book value of $394,000. The building is mortgage-free. If the company decides to use this building for a new project, what value, If any, should be Included in the Initial cash flow of the project for this bulilding? Multiple Choice $0 $394,000 $730,000 $159.000 $721,800
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