Multiple Choice
A building was purchased for $250,000.It has accumulated depreciation of $40,000 and an expected residual value of $50,000.Assuming the use of straight-line depreciation,its estimated useful life must be
A) 15 years.
B) 10 years.
C) 5 years.
D) impossible to determine from the facts given.
Correct Answer:
Verified
Correct Answer:
Verified
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