Answer:
The correct answer is $199,437
Explanation:
Percentage of Cost attribute to hardware = Appraised estimation of equipment / Total assessed estimation of land, building and hardware
Percentage of Cost attribute to hardware = $1,606,000 / ($814,000 + $2,420,000 + $1,606,000)
Percentage of Cost attribute to hardware =33%
Cost at which hardware to be recorded = $2,565,000 × 33%
Cost at which hardware to be recorded = $846,450
depreciation cost for the hardware in the principal year = ($846,450 - $19,000) × 282000/1170000
depreciation cost for the hardware in the principal year = $199,437
