The City Transit Corporation has $3.5 million in long-lived assets and has an accumulated depreciation account of $1.1 million. Which of the following statements is true? W k Air K F7 X * CO Multiple Choice 8 O O O DII F8 The book value of long-lived assets is $2.4 million. The market value of long-lived assets is $3.5 million. The carrying value of long-lived assets is $3.5 million. The resale value of long-lived assets is $2.4 million. ( 9 < Prev A DD F9 ) 0 O 6 of 26 F10 O P 3 { F11 Next > Aa connect McGraw-Hill + 11 } F12 delete