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Blue Company constructed a building at a cost of $2,684,000 and occupied it beginning in January 2001. It was estimated at that time that its

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Blue Company constructed a building at a cost of $2,684,000 and occupied it beginning in January 2001. It was estimated at that time that its life would be 40 years, with no salvage value. In January 2021, a new roof was installed at a cost of $366,000, and it was estimated then that the building would have a useful life of 25 years from that date. The cost of the old roof was $195.200. (a) Your answer has been saved. See score details after the due date. What amount of deprecation should have been charged annually from the years 2001 to 2020? (Assume straight-line depreciation) Depreciation per year $ 1342000 Attempts: 1 of 1 used (6) Your answer has been saved se score details after the due date Debit Credit Account Titles and Explanation Loss on Disposal of Plant Assets 97600 Accumulated Depreciation Buildings 97600 195200 Building (To record the disposition of the old root) Building 366000 6000 To record the installation of the new root) Attempts: 1 of 1 used (c) Your answer has been saved. Se score detter the due date Prepare the entry in January 2021 to record the revision in the estimated tite of the building. If necessary. If entry is required siect "No entry for the account titles and enter for the amounts. Credit account titles are automatically indeed the amounts entered. Do not indent meny Account Titles and Explanation Debit Credit G (d) What amount of depreciation should be charged for the year 20212 $ Depreciation for the year 2021 (Assume the cost of the old roof is removed) Depreciation for the year 2021 (Assume the cost of the new roof is debited to accumulated depreciation-building) 5 Sovetor Lates Attempts: 0 of 1 used Submit

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