Multiple Choice
San Gabriel Company owns a fixed asset with an original cost of $100,000.The company estimates it will use the fixed asset for four years,at which time it will be sold for $10,000.The book value of the fixed asset after three years of use is ________.
A) $32,500
B) $45,000
C) $50,000
D) $100,000
Correct Answer:
Verified
Correct Answer:
Verified
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