On 12/26/2019 Matson Inc. (NYSE: MATX) took delivery of Lurline, the first of two new con-ro vessels of the Kanaloa class, at a total cost of $250,000 Thousand. Lurline, U.S. flagged and Jones Act qualified, commenced active service in January of 2020. Salvage value was estimated to be $10,000 Thousand at the end of a useful life of 40 years. If Matson adopts the straight-line method of depreciation, the net carrying value (i.e., Net PP&E) of Lurline at 12/31/2024 will be: (This and subsequent Matson-related questions do not necessarily reflect reality. They have been formulated only for pedagogical purposes.)

$218,750

$250,000

$220,000

$226,000