Chapter 9, Problem 2E

1.

To determine

The way the renovation costs should be accounted for.

2.

To determine

To prepare: The journal entry to record all expenditures.

3.

To determine

To compute: The straight-line depreciation for the building.

4 (a)

To determine

The book value of land at the end of year 2.

4 (b)

To determine

The book value of building at the end of year 2.