Current Attempt in Progress

Coronado Company constructed a building at a cost of $$2,448,000$ and occupied it beginning in Jan $2003.$ It was estimated at that

time that its life would be $40$ years, with no residual value.

In January $2023,$ a new roof was installed at a cost of $$306,000,$ 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 $$183,600.$

$($b$)$

What entry should be made in $2023$ 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.$)$

Account Titles and Explanation

$($To record the disposition of the old roof.$)$

$($To record the installation of the new roof.$)$