An Office Building Worth $1 Million When Completed in 2000

Multiple Choice

An office building worth $1 million when completed in 2000 is being depreciated linearly over 80 years. What will be the book value of the building in 2048? (Assume the scrap value is $0.)

A) The book value of the building in 2048 will be $400,000.
B) The book value of the building in 2048 will be $600,000.
C) The book value of the building in 2048 will be $200,000.
D) The book value of the building in 2048 will be $300,000.