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Over company constructing a building in the cost of $2,750,000 and occupy the beginning in January 2006 it was estimated at the time that its life will be 40 years with no salvage value. In january 2026, a new rood was isntalled at a cost of $375,000, and it was estimated then that the building would have a useful life of 25 years from that date. The cost of the old roof was $200,000

d.) What amount of depreciation should be charged for the year 2026?

please help with part D!! Thanks in advance!

Novak Company constructed a building at a cost of $2,750,000 and occupied it beginning in January 2006. It was estimated at that time that its life would be 40 years, with no salvage value. In January 2026 , a new roof was installed at a cost of $375,000, and it was estimated then that the building would have a useful life of 25 years from that date. The cost of the old roof was $200,000. (a) What amount of depreciation should have been charged annually from the years 2006 to 2025? (Assume straightline depreciation.) Depreciation per year $ What entry should be made in 2026 to record the replacement of the roof? (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List all debit entries before credit entries.) (c) Your answer is correct. Prepare the entry in January 2026 to record the revision in the estimated life of the building, if necessary. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. List debit entry before credit entry.) Account Titles and Explanation No Entry No Entry Debit eTextbook and Media List of Accounts Attempts: 2 of 3 used (d) Your answer is incorrect. What amount of depreciation should be charged for the year 2026? !year 2026 (Assume the cost of the old roof is removed) ?year 2026 (Assume the cost of the new roof is debited to accumulated depreciation - building) eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer (d) Your answer is incorrect. What amount of depreciation should be charged for the year 2026? zar 2026 (Assume the cost of the old roof is removed) $ zar 2026 (Assume the cost of the new roof is debited to accumulated depreciation - building) $ eTextbook and Media List of Accounts Attempts: 1 of 3 used

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