CALCULATOR PRINTER VERSIO Exercise 11-13 Sweet Company constructed a building at a cost of $2,288,000 and occupied it beginning in January 1998. It was estimated at that time that its life would be 40 years, with no salvage value. In January 2018, a new roof was installed at a cost of $312,000, 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 $166,400. What amount of depreciation should have been charged annually from the years 1998 to 2017? (Assume straight-line depreciation.) Depreciation from the years 1998 to 2017 57200 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT What entry should be made in 2018 to record the replacement of the roof? (If no entry is required, select "No entry for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered Do not indent manually.) Account Titles and Explanation Debit Credit Loss on Disposal of Plant Assets 83200 Accumulated Depreciation-Building 83200 Buildings 83200 (To record the disposition of the old roof.) Buildings 312000 SHOW LIST OF ACCOUNTS CALCULATOR PRINTER LINK TO TEXT LINK TO TEXT Prepare the entry in January 2018 to record the revision in the estimated life of the building, if necessary. (If no entry is required, select "No entry" for the account titles and enter o for the amounts. Credit account titles are automatically Indented when amount is entered. Do not Indent manually.) Account Titles and Explanation No Entry Debit Credit No Entry SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT What amount of depreciation should be charged for the year 2018? Depreciation for the year 2018 (Assume the cost of the old roof is removed) Depreciation for the year 2018 (Assume the cost of the new roof is debited to accumulated depreciation building) Click if you would like to Show Work for this question: Open Show Work SHOW NISTON ACCOUNTS MY LOGO