Culver Corp. acquired a property on September $15,2023,$ for $$250,000,$ paying $$3,400$ in transfer taxes and a $$2,200$ real estate fee. Based on the provincial assessment information, $85\%$ of the property's value was related to the building and $15\%$ to the land. It is estimated that the building, with proper maintenance, will last for $20$ years, at which time it will be torn down and have zero salvage value. Culver, however, expects to use it for $10$ years only, as it is not expected to suit the company's purposes after that. The company should be able to sell the property for $$155,000$ at that time, with $$41,000$ of this amount being for the land. Culver prepares financial statements in accordance with IFRS.

$($Depreciation expense should be calculated to the neares Nhalf month.$)$

$($a$)$

Your answer is incorrect.

Assuming a December $31$ year end, identify the building's cost.

Cost of the building

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