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All assets are depreciated by the straight-line method. Sunland Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to

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All assets are depreciated by the straight-line method. Sunland 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 total life, not remaining life.) 6. Youranswer is partially correct Compute the revised annual depreciation on each asset in 2025. (Round answers to 0 decimal ploces, es. 125.) Prepare the entry to record depreciation on the bullding in 2025. (List debit entry before crodit entry Credit account titles ar: outomatically indented when amount is entered, Do not indent monually. If no entry is required, select "No Entry for the occount titles and enter o for the amounts.)

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