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LLULL Problems. Chapter 8 00 Exercise 8-15 (Algo) Extraordinary repairs, plant asset age LO C3 B points Book Martinez Company owns a building that appears on its prior year end balance sheet at tsoon 5670.000 2500 accumulated depreciation. The building is deprecated on the basis oming 20 year end nogen the first week in January of the current calendar year, major structurers competed on the building 67000. The repairs extend its useful life for 5 years beyond the 20 years originally stated 1. Determine the building's age plant assetage) as of the prior year-end balance sheet te 2. Prepare the entry to record the cost of the structural repairs that are paid in cath 3. Determine the book value of the building immediately after the repairs are recorded 4. Prepare the entry to record the current calendar year's depreciation HE Beference Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Required 4 Determine the building's age (plant asset ape) as of the prior year-end balance sheet date Ape of the building 15 years Required 2 > 8 00 8 points Martinez Company owns a building that appears on its prior year-end bwance sheet its original 5670.000 coses 150.500 accumulated depreciation. The building is deprecated on a straight line basis assuming a 20 year and no siguing the first week in January of the current Calendar year, major structural repairs are completed on the building a 567000 cost. The repairs extend its useful life for 5 years beyond the 20 years originally estimated 1. Determine the building's geplant assetages of the prior year-end balance sheet date 2. Prepare the entry to record the cost of the structural repairs that are paid in cash 3. Determine the book value of the building immediately after the repairs are recorded 4. Prepare the entry to record the current calendar year's depreciation Complete this question by entering your answers in the tabe below Required 1 Required 2 Required Required 4 Prepare the entry to record the cost of the structural repairs that repaid in can. View transaction ist View journal entry worksheet General Journal Daba No A Transaction 1 Cre 67,000 Building Cash 6,700 Required 1 Required 3 > DO B po Martinez Company was a building the appear on its prior year-end bence Wheet is on 670.000 costs $502 506 accumulated depreciation. The building is deprecated on a straightnessuming 20 year and now Ouring the first week in January of the current Calendar year, major structural repairs are completed on the big 567000 che repairs extend its useful for 5 years beyond the 20 years original estimated 1. Determine the building's age plant assege of the prior year-end bwance sheet date 2. Prepare the entry to record the cost of the structures are paid in 3. Determine the book value of the building immediately after the recorded 4. Prepare the entry to record the current Calendar year's depreciation Complete this question by entering your answers in the tabs below Required: Required 2 Red Re4 Prepare the entry to record the current calendar year's depreciation View transactional Journal entry worksheet