Case 6: Hide Away Storage, Inc. is a storage facility company. Hide Away Storage has a September 30th fiscal year end and is privately held. Each identical storage facility has one building with 250 storage units. As of June 1, 2024 Hide Away Storage owned and operated 8 storage locations in Illinois. The CEO of Hide Away Storage made the decision on June 1, 2024 to sell 2 underperforming locations. As of September 30th, 2024 the two locations had not yet been sold but the CEO is optimistic that they will be sell within the next two months. The staff accountant is preparing the September 30th balance sheet and has correctly classified these 2 locations as "Held for Sale". The Income Statement for the year ending 9/30/24 included $360,000 of annual depreciation expense for these 2 locations for the fiscal year. The company uses straight line depreciation and recognizes an equal amount of depreciation expense each month. The company had continued to record depreciation expense on the storage locations that are "Held for Sale" after the decision was made to sell these locations. The staff accountant is questioning if this recognition of depreciation expense on the locations that are "Held for Sale" was correct. Accounting Issue: Should Hide Away Storage recognize depreciation expense on the buildings that are classified as "Held for Sale" for the period of June 1, 2024 - September 30, 2024? 16. Codification Reference: 17. Your inter