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View Policies Current Attempt in Progress Blue Company constructed a building at a cost of...

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Accounting

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View Policies Current Attempt in Progress Blue Company constructed a building at a cost of $2,684,000 and occupied it beginning in January 2001. It was estimated at that time that its life would be 40 years, with no salvage value. In January 2021, a new root was installed at a cost of $366,000, 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 $195,200, (a) Your wer has been saved. See score details after the due date. What amount of depreciation should have been charged annually from the years 2001 to 2020? (Assume straight-line depreciation) Depreciation per year $ 1342000 16) Attempts: 1 of 1 used Whatentry should be made in 2021 to record the replacement of the roof? Of no entry is required, select "No entry" for the account ties and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not Indent manually.) DAN

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