Use This Information Pertaining to Tucson Company to Answer the Following

Multiple Choice

Use this information pertaining to Tucson Company to answer the following question. 1.The corporation's Supplies account showed a beginning debit balance of $400 and supplies purchased of $1,600.There were $600 of supplies on hand at year end.
2) Depreciation on a building being depreciated over 5 years is estimated to be $10,000 per year.The building was purchased at the beginning of the prior year for $50,000.
3) A one-year insurance policy was purchased for $4,800.Five months have passed since the purchase.
4) Accrued interest on a note receivable amounted to $200.
5) The company received a $3,600 advance payment during the year on services to be performed.By the end of the year,one-third of the services had been performed.
Which of the following statements is correct regarding the building?

A) The adjusting entry to record depreciation will include a credit to Accumulated Depreciation - Building $10,000.
B) The book value of the building at the end of the current year is $30,000.
C) The Accumulated Depreciation - Building account will have a balance of $20,000 at the end of the current year.
D) All of these choices.