Event 1: Last winter, the heating was often failing in the regional office and the facilities manager decided to acquire a new furnace. The old one was expected to last another 4 years but has failed to reach the end of its useful life. At the time, it still had a value of 4000$ and the annual amortisation set at 1000$ per year. The cost of the new one is $124000.00 and is expected to last for 25 years, after which it is expected to have no residual value. Event 2: The office administrator got permission from Crown Asset Disposal to sell off a lot of old chairs and desks that are no longer needed as people are mostly working remotely. They sold for $4000.00 and the Invoice has been settled. These chairs and desks were all individually purchased at prices below $10k. Event 3: With more individuals working remotely, it was decided to make some office improvements and some space was converted into highly functional meeting and training rooms. With the new design, it was decided to also refresh the office paint scheme to match. The new facilities were built at a cost of $65000.00 and the paint for the rest of the office was $3000.00. The department owns the building. It was acquired new 30 years ago and fully amortized. Its estimated that this will extend the buildings life expectancy by another 10 years.