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Wyoming Real Estate Purchased a Building for $600,000 in 2002

Question 9

Multiple Choice

Wyoming Real Estate purchased a building for $600,000 in 2002.At the end of 2014, when it had a book value of $450,000, it was appraised for $1,000,000.A potential buyer offered $900,000.Wyoming rejected the offer.What amount should is recorded on Wyoming's records at the end of 2014 in the account called Buildings?


A) $1,000,000
B) $900,000
C) $600,000
D) $450,000

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