Finlay Limited constructed a building at a cost of $$2\mathrm{.}8$ million and has occupied it since January $2003.$ It was estimated at that time that its life would be $40$ years, with no residual value. In January $2023,$ a new roof was installed at a cost of $$370,000,$ 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 $$190,000$ and was capitalized in the Buildings account at that time. Finlay follows IFRS for its financial statements. What entry should be made in $2023$ to record the roof replacement? $($b$)$

What entry should be made in $2023$ to record the roof replacement? $($Credit account titles are automatically indented when the

amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List

all debit entries before credit entries.$)$

Account Titles and Explanation

Accumulated Depreciation $-$ Buildings

$($To record disposal of old roof$)$

$($To record installation of new roof$)$What entry should be made in $2023$ to record the roof replacement? $($Credit account titles are automatically indented when the

amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List

all debit entries before credit entries.$)$

Account Titles and Explanation

Accumulated Depreciation $-$ Buildings

$($To record disposal of old roof$)$

$($To record installation of new roof$)$