Tal Acco ACC ting (S14) | Question 6 Not yet answered Marked out of 3.00 Flag question As of year-end, December 31, 20X8, an office building was presented as follows on the company's balance sheet: Office building $395,500 Less: Accumulated depreciation 197,500 Net office building 198,000 On that date, the remaining useful life of the building was 15 years and its estimated residual value was $25,500. A few days later, in early 20X9, the roof replacement project was completed at the cost of $89,000. As a result, the building's remaining useful life is extended to 20 years and its residual value is unchanged. If the business uses the straight-line depreciation method, answer the following questions: 1. Is the roofing work a capital expenditure or a repair expense? 2. Depreciation expense for the year 20X9 (nearest dollar without comma, e.g. 15000): 3. Office Building's carrying amount, Dec. 31, 20X9 (nearest dollar without comma, e.g. 15000)