Brainium Technologies showed the following information in its Property, Plant, and Equipment subledger regarding a warehouse.

During 2020, it was determined that the original useful life on the warehouse doors should be reduced to a total of 12 years and that the residual value should be $23,100. On January 3, 2020, the furnace broke down unexpectedly. It was replaced the next day with a new one costing $39,000, purchased on account (the old furnace was scrapped). The new furnace had an estimated residual value of $7,500 and an estimated life of 16 years and would continue to be depreciated using the double declining-balance method.

Required

1. Prepare the entry to record the purchase of the new furnace.

2. Calculate the total depreciation expense to be recorded on the warehouse for 2020.

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Warehouse: Date of Depreciation Method Est. Purchase Est. Life Component Cost Residual $ 51,750 15 yrs Windows Jan. 8/15 SL -0- Jan. 8/15 20 yrs Doors SL 105,000 -0- 10 yrs Roofing Jan. 8/15 SL 43,500 -0- 25 yrs 30 yrs 10 yrs 5 yrs Siding Jan. 8/15 SL 54,000 -0- Framing/walls Jan. 8/15 SL 222,000 60,000 Furnace Jan. 8/15 DDB 27,000 -0- Misc. Jan. 8/15 DDB 61,500 $564,750 7,500 "SL = Stralght-line; DDB = Double-declining-balance