Wexter's purchased a warehouse for $499,000 six years ago.Four years ago,repairs costing $132,000 were made to the building.The annual property taxes are $41,000.The warehouse has a current book value of $268,000 and a market value of $529,000.The warehouse is debt-free.If the company decides to assign this warehouse to a new project,what value,if any,should be included in the initial cash flow of the project for this building?
A) $0
B) $246,000
C) $529,000
D) $631,000
E) $268,000
Correct Answer:
Verified
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