Multiple Choice
A building was purchased for $460,000.It currently has accumulated depreciation of $80,000 and had a residual value of $100,000.Assuming the use of straight-line depreciation,its estimated useful life must have been
A) 5 years.
B) 10 years.
C) 14 years.
D) impossible to determine from the facts given.
Correct Answer:
Verified
Correct Answer:
Verified
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