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Holly,IncHas a Building That Originally Cost $562,500

Question 113

Multiple Choice

Holly,Inc.has a building that originally cost $562,500.Holly expects to be able to sell the facility for $160,500 at the end of its useful life.The balance of the related Accumulated Depreciation account is $387,000.The residual value of the facility is:


A) $175,500.
B) $226,500.
C) $402,000.
D) $160,500.

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