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What net book value for this building

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Question - On January 1, 2016, Pulte sold a building to its wholly owned subsidiary, Scott, for $2,314,565. On that date, Pulte carried the building on its books at an original cost of $925,193 and accumulated depreciation of $252,438. Pulte had estimated 7 years total useful life for the building, and was depreciating it on a straight-line basis with $173,417 estimated salvage value.

What net book value for this building should be reported on Pulte's consolidated balance sheet as of 12/31/2016?

Reference no: EM131690672

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