Question Completion Status QUESTION 14 Pjanic Company suffers a loss to its building in a tre and spends 5240.000 on repairs and improvements. judges that $160.000 of the expenditure represents repairs of long lived assets damaged in the fire and $80.000 represents improvements to the building. These improvements extend the useful life of the building, and should make the following journal entry Accumulated Depreciation Building. 80,000 Loss from Fire 160.000 Cash 240.000 Loss from Fire Cash Building Loss from Fire Cash 240.000 240.000 80.000 ...160.000 240.000 Bulding Cash, .240.000 240.000 QUESTION 15 River Company purchased a tooling machine on january 1, 2018 for $300.000. The machine was being deprecated on the straight line method over an estimated useful life of 5 years, with no salvage value. On January 1, 2020 the company paid $100,000 to overhaul the machine. As a result of this improvement, the company estimated that the useful life of the machine would be extended l years years total) What should be the depreciation expense recorded for the machine in 2020 0115ooo QUESTION 16 Pepe, Inc. purchased on February 12, 2018 for $2.300.000. The equipment is deprecated using the double-declining balance method over an estimated site of years. The salvage les estimated to be 395.000 on December 11, 2018, the management projects the average annual undiscounted Mure net canh flows from this equipment to be $112.000 and the present value of these future cash flows to be .000. HOW much should Pepe charge ancome (both depreciation expense and impairment loss in 2018