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Problem 1: ABC Company owns an office building that is being leased out to various companies. ABC is required to provide security and maintenance services under the lease contracts. The building was acquired on January 1, 2014 at a cost of 6,000,000. The accumulated depreciation at the beginning of the year is 480,000. How much would be shown as investment property in ABC's 2016 Financial Statements?
Option A. 6,000,000
Option B. 5,520,000
Option C. Answer not given
Option D. 0
Option E. 5,280,000
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