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Check my work Ex rcise 8-15 Extraordinary repairs; plant asset age LO C3 6 mpany...

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Check my work Ex rcise 8-15 Extraordinary repairs; plant asset age LO C3 6 mpany owns a building that appears on its prior year-end balance sheet at its original $610.000 cost accumulate depreciation. The building i the first week in January of the current calendar year, major structural repairs are completed on th repairs extend useful life for 5 years beyond the 20 years originally estimated. s depreciated on a straight-line basis assuming a 20-year life and no salvage value. During e building at a $61,000 cost The 1. Determine the building's age (plant asset age) as of the prior year-end balance sheet date the 2. Prepare the entry to record the cost of the structural repairs that are paid in cash. Journal entry worksheet Pr 3. Determine the book value of the building immediately after the repairs are recorded 6 Cost of $ 152,500 Less accumulated depreciation Hint Revised book value of buiding 61.00 Print 4. Prepare the entry to record the current calendar year's depreciation. View tr Journal entry worksheet Pier 1 of 1 Next Check myv Journal entry worksheet 6 Record the year-end adjusting entry for the depreciation expense of the building General Journal Clear entry ey 1 of 1 Type here to search 2

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