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Lester's Fried Chick'n Purchased Its Building 11 Years Ago at a Cost

Question 71

Multiple Choice

Lester's Fried Chick'n purchased its building 11 years ago at a cost of $139,000.The building is currently valued at $179,000.The firm has other fixed assets that cost $66,000 and are currently valued at $58,000.To date,the firm has recorded a total of $79,000 in depreciation on the various assets.The company has current liabilities of $36,600 and net working capital of $18,400.What is the total book value of the firm's assets?


A) $181,000
B) $241,000
C) $331,000
D) $339,000
E) $379,000

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