+ Ch 9: Homework Question 7 of 17 -/5 Question List View Policies Current Attempt in Progress Question 1 Accounting Multistep 5/5 Correct Victor Mineli, the new controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Question 2 Accounting Dropdown 3/3 Correct Question 3 Accounting Dropdown 3/3 Correct Type of Asset Building Warehouse Date Acquired Jan. 1. 2014 Jan 1, 2017 Cost $941.000 164,000 Accumulated Depreciation, Jan. 1, 2022 $174.300 31,780 Useful Life (in years) Old Proposed 40 58 25 20 Salvage Value Old Proposed $69.500 $35,300 5.100 3,220 Question 4 Accounting Dropdown 5/5 Correct 5/5 Correct All assets are depreciated by the straight-line method. Blossom 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.) Question 5 Accounting Dropdown Question 6 Accounting Dropdown 3/3 Correct Compute the revised annual depreciation on each asset in 2022. (Round answers to O decimal places, e.g. 125.) -/5 Viewing Question 7 Accounting Multistep Not started Building Warehouse Revised annual depreciation $ $ -/5 Question 8 Accounting Dropdown Not started e Textbook and Media Question 9 Accounting Dropdown -76 Not started List of Accounts Question 10 Accounting Dropdown -73 Not started