Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

تمرين 26

Barber, Inc., followed the practice of depreciating its building on a straight-line basis. A building was purchased in 2010 and had an estimated useful life of 20 years and a residual value of $20,000. The company's depreciation expense for 2010 was $20,000 on the building. What was the original cost of the building
A) $360,000
B) $380,000
C) $400,000
D) $420,000