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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 Depreciation for has not been recorded yet Her findings are as follows:Total Useful Life in YearsCurrentProposedResidual ValueCurrent$Proposed$Type of AssetBuildingEquipmentDate AcquiredJan. Jan. Cost$After discussion, management agrees to accept Lindy's proposed changes. All assets are depreciated by the straightline method.Sunland Company has a December year end calculate the annual depreciation expenses using the original estimated useful life and residual value calculate the carrying amount of each asset as at January
For each asset calculate the Rivised annual deprciation expenses and the carrying amout
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