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Please help and show all working !! Please do not use excel Thank you very much Application & Analysis Exercise: 5.14 (Amended. Use only the
Please help and show all working !! Please do not use excel
Thank you very much
Application & Analysis Exercise: 5.14 (Amended. Use only the information below) Sejenis Ltd constructed a building for use by its freight department. Construction started on 1 January 2015 and was completed on 1 July 2015. The construction cost was $840000. The company expected to remain in the building for the next 20 years, at which time the building would probably have no real salvage value. In December 2021, following some severe weather in the city, the roof of the administration building was considered to be in poor shape, so the company decided to replace it. On 1 July 2022, a new roof was installed at a cost of $220 000. Adding the new roof extended the original life of the building from 20 years to 25 years. Sejenis Ltd has a reporting period ending 31 December. Required: 1. Prepare the necessary journal entries for the addition of the new roof to the building on 1 July 2022Step by Step Solution
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