Urban Outsiders has a building that originally cost $375,000.The company expects to be able to sell the facility for $107,000 at the end of its useful life.The balance of the related Accumulated Depreciation account is $258,000.The residual value of the facility is:
A) $117,000.
B) $151,000.
C) $268,000.
D) $107,000.

Question

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The Answer of Urban Outsiders has a building that originally cost $375,000.The company expects to be able to sell the facility for $107,000 at the end of its useful life.The balance of the related Accumulated Depreciation account is $258,000.The residual value of the facility is:
A) $117,000.
B) $151,000.
C) $268,000.
D) $107,000.

Urban Outsiders Has a Building That Originally Cost $375,000