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What is the balance sheet value for the warehouse building

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Reference no: EM132966519

Question - An industrial company owns a warehouse building which in the balance sheet as of 1 January 20x1 is booked at NOK 4,500,000. For the financial year 20x1 you have provided the following information:

Depreciation NOK 500,000

Maintenance 750,000 kroner

Write-down NOK 1,250,000

Cost 350,000 kroner

Required - What is the balance sheet value for the warehouse building at the end of 20x1?

Reference no: EM132966519

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