C) A Company Purchase a building on 1st January 2013 for $ 150,000. The useful life of assets was 10 years. On 1st January 2015, the company revalued the building to its currents fair value of $80,000. What would be the double entry to record this transaction? 4 marks d) is normal repairing of a car engine a maintenance cost or overhauling cost? What will be its accounting treatment? Explain (2marks) How will we treat addition of new room in a factory after bulldozing old room? What will be the accounting treatment? (1marks) A factory is being shifted to new place. With it all assets will be moved. Will the cost of repositioning be added to cost of these assets? Explain (1 mark) e) Asset cost $50000. Useful life of asset was 10 years. At the start of 6th year, the asset has lost its efficiency to perform. Asset was sold for $10,000. Calculate gain or loss and write journal entry to record transaction (4 marks)