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Stone Corporation reported the following information: 20172016 Buildings (net)$950,000425,000 Cash received from sale of building250,000 Gain on sale of building35,000 Cost of building purchased during

Stone Corporation reported the following information:

20172016

Buildings (net)$950,000425,000

Cash received from sale of building250,000

Gain on sale of building35,000

Cost of building purchased during 2017870,000

What amount of amortization was recorded on the building sold in 2017?

A) $130,000

B) $95,000

C) $125,000

D) $160,000

Answer:A, why is it A? show work

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