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Birken CoPurchased a Building for $500,000 in 2012

Question 127

Multiple Choice

Birken Co.purchased a building for $500,000 in 2012.At the end of 2017,when it had a book value of $450,000,it was appraised for $1,000,000.A potential buyer offered $900,000.Birken rejected the offer.What amount is in Birken's records at the end of 2017 in the Building account?


A) $2,000,000
B) $800,000
C) $500,000
D) $350,000

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