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5 points Wildway Company purchased a heating system on January 2, 2008, for $425,000. The system had an estimated useful life of 15 years, with

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5 points Wildway Company purchased a heating system on January 2, 2008, for $425,000. The system had an estimated useful life of 15 years, with no residual value. On January 2, 2020, the company completed a complete renovation of the system at a cost of $43,000 cash, and now expects the system to last 5 years beyond the original estimate. The company uses the straight-line method of depreciation. What is the journal entry when the company completed the renovation and what is the journal entry on Dec 31, 2020 year end to caputure the annual depreciation expense. Use the following formate for your answer: DR-account name, amount. CR-account name, amount. (5 points) For the toolbar, press ALT F10 (PC) O ALTFN+F10 (Mac)

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