Compute book value of the building at end

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Reference no: EM13125141

Twin-Cities, Inc., purchased a building for $400,000. Straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a residual value of $100,000.

Compute the book value of the building at the end of the second year. (Omit the "$" sign in your response.)

Reference no: EM13125141

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