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What is the net book value of a investment at the end

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Problem 1: Three years ago, "A" purchased a commercial office building for 100 million. The property had a ground lease. In the three years that "A" has owned the building, he spent $4 million for capital expenditures. If the annual depreciation is 3.0 million, what is the net book value of A's investment at the end of year 3?

(a) $99.0 million

(b) $107.5 million

(c) $95.0 million

(d) $101.0 million

Reference no: EM132936884

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