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06-11-2020
Business

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

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Tundexi Tundexi

06-11-2020

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

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