Monty Corp. acquired a property on September

$15$

$,$

$2023$

$,$

$$for $

$260$

$,$

$000$

$,$

$$paying $

$3$

$,$

$000$

$$in transfer taxes and a $

$2$

$,$

$000$

$$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. Monty, 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 $

$171$

$,$

$000$

$$at that time, with $

$43$

$,$

$000$

$$of this amount being for the land. Monty prepares financial

statements in accordance with IFRS.

$($

Depreciation expense should be calculated to the nearest half month.

$)$

$($

a

$)$

Assuming a December

$31$

year end, identify the

$=$

$$

building's cost.

Cost of the building

assuming a december $31$ year end, identify the building's depreciable amount.