A building was purchased for $250,000.It has accumulated depreciation of $40,000 and an expected residual value of $50,000.Assuming the use of straight-line depreciation,its estimated useful life must be
A)15 years.
B)10 years.
C)5 years.
D)impossible to determine from the facts given.

Question

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The Answer of A building was purchased for $250,000.It has accumulated depreciation of $40,000 and an expected residual value of $50,000.Assuming the use of straight-line depreciation,its estimated useful life must be
A)15 years.
B)10 years.
C)5 years.
D)impossible to determine from the facts given.

A Building Was Purchased for $250,000