MC Qu. 9-81 Holly, Inc. has a building that originally cost... Holly, Inc. has a building that originally cost $410,000. Holly expects to be able to sell the facility for $244,000 at the end of its useful life. The balance of the related Accumulated Depreciation account is $107,000. The depreciable cost of the facility is: Multiple Choice $166,000. $137,000. $303,000. $107,000.

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e. g. $2.55.) diluted earnings per share