What is its book value at december

Reference no: EM132813528

Question

The Bluth Company purchased a new building on January 1, 2015, at cost of $40,000, with an estimated residual value of $7,500 and an estimated useful life of five years. The company uses the straight-line method. What is its book value at December 31, 2020?

Reference no: EM132813528

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