Question 4 of 26 View Policies Current Attempt in Progress

Waterway Limited constructed a building at a cost of \\( \\$ 37 \\) million and has occupled it since January 2003. It was estimated at that time that its de would be 40 years, with no residual value. In January 2023, a new roof was installed at a cost of \\( \\$ 415,000 \\), and it was estimuted then that the building would have a useful life of 25 years from that date. The cost of the old roof was \\( \\$ 230,000 \\) and was capitalized in the Buildings account at that time. Waterway follows IF RS for its financial statements. (a) What amount of depeciation was charged annually for the years 2003 through 2022 ? (Assume straight -line depreciation. Annial depreciation 2003 through 2022 Attempts: 0 of 1 used (b) The parts of thisquestion mait be completed in order. This part will be avaloble when you complete the part above