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Lindy Weink., the new controller of Suniland Company, has reviewed the expected useful lives and residual values of selecteddepreciable assets at December 3 1 ,

Lindy Weink., the new controller of Suniland Company, has reviewed the expected useful lives and residual values of selecteddepreciable assets at December 31,2024.(Depreciation for 2024 has not been recorded yet) Her findings are as follows:Total Useful Life in YearsCurrent205Proposed304Residual ValueCurrent$39,9004,950Proposed$60,1203,580Type of AssetBuildingEquipmentDate AcquiredJan. 1,2009Jan. 1,2022Cost$800,400125,470After discussion, management agrees to accept Lindy's proposed changes. All assets are depreciated by the straight-line method.Sunland Company has a December 31 year end.1. calculate the annual depreciation expenses using the original estimated useful life and residual value .2 calculate the carrying amount of each asset as at January 1.2024
3. For each asset , calculate the Rivised annual deprciation expenses and the carrying amout

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