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What is the book value of the building

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Question - Topsie Co. purchased land and a building for $452,000. The land had a fair value of $55,000. The company expects the building to have a useful life of 38 years and a salvage value of $12,000.  As of the end of the year, Topsie had owned the land and building for 4 years.

At the end of the year, what is the book value of the building?

Reference no: EM131734154

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