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Show Attempt History Current Attempt in Progress Concord Company constructed a building at a cost of $2.310,000 and occupied it beginning in January 2001. It
Show Attempt History Current Attempt in Progress Concord Company constructed a building at a cost of $2.310,000 and occupied it beginning in January 2001. It was estimated at that time that its life would be 40 years, with no salvage value. In January 2021, a new roof was installed at a cost of $315,000, and it was estimated then that the building would have a useful life. of 25 years from that date. The cost of the old roof was $168,000. (a) Your answer is correct. What amount of depreciation should have been charged annually from the years 2001 to 2020? (Assume straight-line depreciation) Depreciation per year $ eTextbook and Media 57750 Attempts: 1 of 4 used What entry should be made in 2021 to record the replacement of the roof? Of no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically Indented when amount is entered. Do not indent manually) Account Titles and Explanation (To record the disposition of the old roof) (To record the installation of the new roof) Textbook and-dedia Debit Credit What entry should be made in 2021 to record the replacement of the roof? (If no entry is required, select "No entry" for the account titles and enter O for the amounts. Credit account titles are automatically Indented when amount is entered. Do not Indent manually) Account Titles and Explanation (To record the disposition of the old roof) (To record the installation of the new roof) eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 0 of 4 used Submit
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