Question: 1 1 3 ) A building was purchased for $ 5 0 , 0 0 0 . The asset has an expected useful life of

113) A building was purchased for $50,000. The asset has an expected useful life of six years and depreciation expense each year is $8,000 using the straight-line method. What is the residual value of the building? D) $6,000.O A)30.O C) $4,000B) $2,000.

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