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On April 1, 2028, Levine Company purchased three assets for $320,000. The following information is available concerning the assets purchased: Land Building Equipment Total market

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On April 1, 2028, Levine Company purchased three assets for $320,000. The following information is available concerning the assets purchased: Land Building Equipment Total market value Current Market Value $ 65,600 $213, 200 $ 49,200 $328,000 .. Before the property could be used, Levine had to spend $28,000 to renovate the building. The building was assigned a 30-year life, an $11,000 residual value, and is being depreciated using the straight-Line method. Calculate the book value of the building at December 31, 2035

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