E9-6B Will Smith, the new controller of Alexandria Company, has reviewed the expected useful llives at salvage values of selected depreclable assets at the beginning of 2014. Here are his findings: All assets are depreciated by the straight-line method. Alexandria Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Will's proposed changes. (The "Proposed" useful life is total life, not remaining life.) Instructions (a) Compute the revised annual depreciation on each asset in 2014. (Show computatior (b) Prepare the entry (or entries) to record depreciation on the building in 2014. E9-7B Tweed Co. has delivery equipment that cost $68,000 and has been depreciated $22,000. Instructions Record entries for the disposal under the following assumptions. (a) It was scrapped as having no value. (b) It was sold for $51,000. (c) It was sold for $44,000