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WENLiu WENLiu
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6 years ago
Henry Oldham purchased the office building in which his CPA firm was housed in 1983. Henry purchased the building for 225,000. Henry replaced the windows in the building and restructured the lay-out of the offices in the building. His costs were 32,000 for the improvement. Henry is retiring and has just sold the building for 495,000. Henry has claimed 55,000 in depreciation. Henry will have selling costs of 5,000. What is Henry's gain on the sale?
 A)257,000
 B)233,000
 C)288,000
 D)435,000
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gool34gool34
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6 years ago
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WENLiu Author
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6 years ago
Smart ... Thanks!
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