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Q 9.36: On April 1, 2014, Howard & Sons Law Firm, whose fiscal year-end is September 30, purchased a building for $1.4 million. The building

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Q 9.36: On April 1, 2014, Howard & Sons Law Firm, whose fiscal year-end is September 30, purchased a building for $1.4 million. The building was expected to remain in service for 50 years. It is being depreciated using the straight-line method. If the expected salvage value was $800,000, what will be the book value of the building on September 30, 2025? A $1,092,000 B $1,262,000 C$1,078,000 D $1,268,000

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