On January 1st 20x0 you purchase a building:

Cost:	$3935499
Useful Life:	17 years
Salvage Value:	$548441

On December 31st 20x8 you sell the building and report a gain of $490051. If the method of straight-line depreciation is used, how much cash was the building sold for? (Hint: First calculate the carrying value at December 31, 20x8)

Select one:

a. $2632402

b. $2831640

c. $3445448

d. $3877109