Holly, Inc. Has a building that originally cost $435,000. Holly expects to be able to sell the facility for $206,000 at the end

Question

3 years ago

3

of its useful life. The balance of the related Accumulated Depreciation account is $117,000. The depreciable cost of the facility is:

1 answer:

Phoenix [80] · Answer 1 · 2022-07-21T06:59:03+03:00

8 0

Answer:

$229,000

Explanation:

Depreciable Cost = Cost - Residual Value

Depreciable Cost = $435,000 - $206,000

Depreciable Cost = $229,000

Thus, the depreciable Cost of the facility is $229,000. The depreciable cost is the cost of an asset that can be depreciated over time