x problem 7-72A - Google se - termom. My Home CergapeNoWV2 Online tea X Emal Elementary Spanish mm/takeAssignment/takeAssignmentMain.do?invokere&takeAssignmentSessionLocator Sinprogress=false eBook Calculator Problem 7-72A (Algorithmic) Expenditures After Acquisition Pasta, a restaurant specializing in fresh pasta, installed a pasta cooker in early 2017 at a cost of $11,400. The cooker had an expected life of 5 years and a residual of $600 when installed. As the restaurant's business increased, it became apparent that renovations would be necessary so the cooker's output could be increased. I January 2020, Pasta spent $8,200 to install new heating equipment and $4,100 to add pressure-cooking capability. After these renovations, Pasta estimated that the remaining useful life of the cooker was 10 years and that the residual value was now $1,500 Required: 1. Compute 1 year's straight-line depreciation expense on the cooker before the renovations. $ 2,160 per year 2. Assume that three full years of straight-line depreciation expense had been recorded on the cooker before the renovations were made. Compute the book value of to cooker immediately after the renovations were made. 4,920 X 3. Compute 1 year's straight-line depreciation expense on the renovated cooker. $ 342 X per year 1. Sraight line depreciation locates the depreciable cost over the well life of the asset 2. Book Valve Con Accumulated Depreciation Capital expenditures increase the future economic benefits of an asset by extending the the quality of the product increasing efficiency, or improving Compute depreciation expense using the revised amounts for book a sulife, and residual value