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What amount of amortization was recorded on building sold

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Reference no: EM132351160

Question - Stone Corporation reported the following information:

 

2017

2016

Buildings (net)

$950,000

425,000

Cash received from sale of building

250,000

 

Gain on sale of building

35,000

 

Cost of building purchased during 2017

870,000

 

What amount of amortization was recorded on the building sold in 2017?

A) $130,000

B) $95,000

C) $125,000

D) $160,000

Reference no: EM132351160

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