Marine Ltd has assets in the form of a factory with the following values: Purchase...
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Marine Ltd has assets in the form of a factory with the following values: Purchase price IDR 1,200,000 Accumulated depreciation (400,000) Book value Rp.800,000 In the current year, there were a number of expenses related to factories: a. Due to the increasing demand for the product, the company increased its factory capacity by constructing a new building for Rp270,000. b. The whole factory was repainted for IDR 23,000. c. For safety reasons, the roof made of asbestos was removed and replaced with a new roof made of wood for IDR 61,000. The book value of the old roof was IDR 41,000, depreciated by IDR 20,500. d. The electricity system was renewed at a cost of Rp. 12,000. The price of the old system is unknown. It is estimated that the economic life of the building will not change as a result of this system update. e. A series of major repairs were carried out at a cost of IDR 75,000 as some of the wooden structures had rotted. The price of the old wooden structure is unknown. This repair is expected to extend the economic life of the building. The company believes that the Rp75,000 price represents the purchase price of the old wooden structure.
Requested: Make the necessary journals for the transactions above!
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