Vegan bites, a local restaurant had to replace the roof of its building. Advise the new controller on how to handle the accounting adjustment for the new roof The amount is debited to the corresponding asset account and no adjustment is made to the depreciation of the asset The cost of the original asset is removed from the accounting records and any gain or loss must be recorded : depreciation is then revised to incorporate depreciation on the replacement component The amount is debited to the corresponding asset account and depreciation is revised to incorporate the additional cost and change the estimated useful life and residual life and residual value none of the above