Question: Fanny Mac Ltd. purchased a small commercial building for $225,000, of which $100,000 was the value of the land. Fanny, the company president, felt this was an excellent deal because she would have been willing to pay as much as $250,000. One year later, Fanny sold the property for $300,000. If, at the time of purchase, the expected economic life of the building was 10 years, there was an estimated salvage value of $25,000 at the end of that time, and Fanny uses the straight-line depreciation method, what is the depreciation expense for the year? Group of answer choices $10,000 $12,500 $20,000 $25,000