Question: A building was purchased for $ 6 3 , 0 0 0 . The asset has an expected service life of eight years and depreciation

A building was purchased for $63,000. The asset has an expected service life of eight years and depreciation expense each year is $6,000 using the straight-line method. What is the residual value of the building?
Multiple Choice
$7,875
$0
$15,000
$12,875
A building was purchased for $ 6 3 , 0 0 0 . The

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