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need help asap Victor Mineli, the new controller of Oriole Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at
need help asap
Victor Mineli, the new controller of Oriole Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2025. Here are his findings: All assets are depreciated by the straight-line method. Oriole Company uses a calendar year in preparing annual financial statemen After discussion, management has agreed to accept Victor's proposed changes. (The "Proposed" useful life is total life, not remainin life.) Your answer is correct. Compute the revised annual depreciation on each asset in 2025. (Round answers to 0 decimal places, eg 125.) Prepare the entry to record depreciation on the building in 2025. (List deblit entry before credit entry, Credit occount tlltes are outomatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts Step by Step Solution
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