Question:XYZ Company reported the following information on its balance sheet:

01/01/07 Building: $800,000 Accumulated Depreciation: $200,000
12/31/07 Building: $785,000 Accumulated Depreciation: $225,000
In 2007, the company also purchased a building at a cost of $100,000.

Considering the above data, did the company sell any building during the year, and if so, what was its original cost? 

A No building was sold in 2007. 
B Yes, but its cost cannot be determined. 
C Yes, and its original cost was $85,000. 
D Yes, and its original cost was $115,000. 

+ Answer
A 

+ Explanation
Answer not sure

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Md. Habib Ullah

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