Purrfect Pets has a facility that originally cost $375,000.The balance of the accumulated depreciation account for the facility is $258,000.The company expects to be able to sell the facility for $107,000 at the end of its useful life.The depreciable cost of the facility is:
A)$117,000.
B)$151,000.
C)$268,000.
D)$107,000

Question

Quizplus · Accepted Answer

Depreciable Cost = Cost - Residual Value Depreciable Cost = $375,000 - $107,000 Depreciable Cost = $268,000.

Purrfect Pets Has a Facility That Originally Cost $375,000