Question: A building was purchased for $ 5 0 , 0 0 0 . The asset has an expected service life of six years and depreciation

A building was purchased for $50,000. The asset has an expected service life of six years and depreciation expense each year is $8,000. Assuming the company uses the straight-line method, what is the residual value of the building?
Multiple Choice
$0
$6,000
$2,000
$4,000
A building was purchased for $ 5 0 , 0 0 0 . The

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