Prevale, Inc. purchased land in Year $1.$ An existing structure was demolished, and a new warehouse was constructed on the property in September of Year $1.$ Prevale hire construction workers at a rate of $$30$ per hour to do the work $(2,016$ hours in total$).$ Prevale's operations manager spent $25\%$ of his time in September supervising the constructionWarehouse Construction Cost DataPurchase price $-$ LandOperation manager's monthly salaryPaving of parking lotFoundation workParking lot lightingElectrical$/$Plumbing contractors$$150,000$ Cost to remove structure on land$6,000$ Proceeds from sale of metal from demolished structure$12,000$ Landscaping costs$18,000$ Direct materials $-$Warehouse$12,000$ Closing costs on land purchase$30,000$$$12,0003,60014,400126,0006,000$Hourly wage rate $-$ Workers$30$ Payroll tax rate $($construction workers and operation manager $)10\%$What is the depreciable cost of the warehouse?