Swifty made extensive repairs on an existing building and added a new section. The building is a garage and repair facility for delivery trucks that serve the local area. The existing building originally cost $820,000, and by the end of last year, it was half depreciated on the basis of a useful life of 20 years and no residual value. Assume straight-line depreciation was used. During the year, the following expenditures related to the building were made: Ordinary repairs and maintenance expenditures for the year, $17,000 paid in cash. Extensive and major repairs to the roof of the building, $120,000 paid in cash. These repairs were completed on December 31 of the current year. The new section, completed on December 31 of the current year at a cost of $230,000 paid in cash, has an estimated useful life of nine years and no residual value. Required: 1. Applying the policies of Swifty, complete the following schedule, indicating the effects of the preceding expenditures. (Enter your answers in thousands of dollars.) 2. What was the carrying amount of the building at December 31 of the current year? (Enter your answer in thousands of dollars.) 3. Compute the depreciation expense for the next year, assuming no additional capital expenditures on this building in that year. (Enter your answer in thousands of dollars.)