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Exercise 9.20 Revised depreciation-betterment LO2, 4 At its December 31, 2022, year-end, Athletic Apparel had a warehoute with an adjusted book value of $300,500 and

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Exercise 9.20 Revised depreciation-betterment LO2, 4 At its December 31, 2022, year-end, Athletic Apparel had a warehoute with an adjusted book value of $300,500 and an estimated remaining useful life of 20 years and residual value of $98,000. Because of pick-up and delivery issues at the warehouse, a contractor was hired to construct o new door into the east wall during the week of January 5,2023 , for $33,500 on occount. The estimated useful life of the door is 20 years with an estimated residual volue of $8,300. Athilic uses the straighs-line method to depreciate ossets. Required: 1. Record the installotion of the new door: 2. Record total depreciotion on the warehouse at December 31,2023

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