Donovan Resources Group has been in its plant facility for 15 years. Although the plant is quite functional, numerous repair costs are incurred to keep it in good working order. The book value of the company’s plant is currently $800,000, calculated as follows:

Original cost ................................... $1,200,000
Accumulated depreciation ............     400,000
                                                              $ 800,000

During the current year, the following expenditures were made to the plant:

1. Because of increased demand for its product, the company increased its plant capacity by building a new addition at a cost of $270,000.

2. The entire plant was repainted at a cost of $23,000.

3. The roof was made of asbestos cement slate. For safety purposes, it was removed at a cost of $4,000 and replaced with a wood shingle roof at a cost of $61,000. The original roof’s cost had been $40,000 and it was being depreciated over an expected life of 20 years.

4. The electrical system was completely updated at a cost of $22,000. The cost of the old electrical system was not known. It is estimated that the building’s useful life will not change as a result of this updating.

5. A series of major repairs was made at a cost of $47,000, because parts of the wood structure were rotting. The cost of the old wood structure was not known. These extensive repairs are estimated to increase the building’s useful life.

Instructions

Indicate how each of these transactions would be recorded in the accounting records.