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All assets are depreciated by the straight-line method. Ivanhoe Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to
All assets are depreciated by the straight-line method. Ivanhoe Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Victor's proposed changes. (The "Proposed" useful life is tot remaining life.) Your answer is incorrect. Compute the revised annual depreciation on each asset in 2025. (Round answers to 0 decimal places, e.g. 125.)
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