Question: 1 2 . A building was purchased for $ 5 0 , 0 0 0 . The asset has an expected useful life of 6

12. A building was purchased for $50,000. The asset has an expected useful life of 6 years and depreciation expense each year is $8,000 using the straight-line method. What is the residual value of the building?
A. SO.
50,00
/$2,000.
8000 x 6
=48000
. $4,000.
D. $6,000.

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