Francis Real Estate purchased a building for $600,000 in 2001.At the end of 2013,when it had a book value of $450,000,it was appraised for $1,000,000.A potential buyer offered $900,000.Francis rejected the offer.What amount should is recorded on Francis' records at the end of 2013 in the account called Buildings?

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The Answer of Francis Real Estate purchased a building for $600,000 in 2001.At the end of 2013,when it had a book value of $450,000,it was appraised for $1,000,000.A potential buyer offered $900,000.Francis rejected the offer.What amount should is recorded on Francis' records at the end of 2013 in the account called Buildings?

Francis Real Estate Purchased a Building for $600,000 in 2001