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
Correct Answer:
Verified
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