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

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Current Attempt in Progress 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 depreciation should have been charged annually from the years 2001 to 2020? (Assume straight-line depreciation) Depreciation per year $ 1342000 Attempts: 1 of 1 used (b) Your answer has been saved. See score details after the due date Whatentry should be made in 2021 to record the replacement of the roof (if no entry is required, select "No entry for the account Your answer has been saved. See score details after the due date. What entry should be made in 2021 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) 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 roof) Buildings 366000 Cash 366000 To record the installation of the new roof) Attempts: 1 of 1 used Ich DU 366000 Cash (To record the installation of the new root.) Attempts: 1 of 1 used (C) Prepare the entry in January 2021 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 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Save for Later Attempts: 0 of 1 used Submit Answer (d) The parts of this question must be completed in order. This part will be available when you complete the part above

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