Styles Buffalo Limited constructed a building at a cost of $3.7 million and has occupyed it since January 1997. It was estimated at that time that its life would be 4 2017, a new roof was installed at a cost of $475,000, and it was estimated then that th would have a useful life of 25 years from that date. 0 years, with no residual value. In January e building The cost of the old roof was $220,000 and was capitalized in the Buildings account at that time. Buffalo Limited follows IFRS for its financial statements What entry should be made in 2017 to record the roof replacement? (Credit account titles are automatical required, select "No Entry" for the account titles and enter O for the amounts.) ly indented when the amount is entered. Do not indent manually. If no entry is Account Titles and Explanation Debit Credit (To record disposal of old roof) To record installation of new roof)