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MJW, a manufacturing company, owns and operates a factory. The factory roof is depreciated on a straight line basis over a ten year useful life
MJW, a manufacturing company, owns and operates a factory. The factory roof is depreciated on a straight line basis over a ten year useful life while the remainder of the factory is depreciated on a straight line basis over a 50 year useful life. Both the roof and factory have a residual value of zero. The factory is now ten years old. The table below shows the costs incurred. What is the total amount of costs that should be added to the carrying amount of the factory? M$ Replacement roof for existing factory 75,000 Repainting the existing factory 10,000 Flooring repairs in the existing factory 9,000 Extension to the factory (to expand profitable operations) 800,000 total: 894,000 Give your answer to the nearest whole M$,000. Do not include symbols, commas or letters in your response
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