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What tiki will show on its year end balance sheet

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Problem 1: Tiki Company has a building that cost $2,000,000 new and is 50% depreciated. The market value of the building is $3,000,000 at year end. Tiki will show on its year end balance sheet

Option 1: None of the above
Option 2: The building at net book value
Option 3: The building at both cost and net book value
Option 4: The building at cost
Option 5: The building at market

Reference no: EM132821759

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