Old Questions Victor Mineli, the new controller of Cullumber Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings Accumulated Useful Life (in Type of Date Depreciation, years) Salvage Value Asset Acquired Cost Jan. 1, 2017 Proposed Old Proposed Building Jan 1, 2009 $814,500 $149,500 40 48 $67,000 $36,800 Warehouse Jan 1, 2012 123,000 23,680 25 20 4,600 3,770 All assets are depreciated by the straight-line method. Cullumber Company uses a calendar year in preparing annual financial statements Alter discussion, management has agreed to accept Victor's proposed changes. (The "Proposed useful le is total life, not remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to decimal places, ... 5,275) Building Warehouse Revised annual depreciation $ Click if you would like to show Work for this questions Open Show Work sty $ Question 1 On March 1, 2017, Mossos Compared real est, which is planned to construct a small office building by paying $75,000 Anwarehouse on the property was dermed at a cost of 57,200; the material for $1,500. Ama expenditures before construction began in died 51,000 attorneys fee for work concoming the land purchase. 54.000 real estate brekersfee, $8.500 are fee, and 11,000 to put and get (a) Determine the amount to be reported as the cost of the land. Couteland Click it you were to Show Work for this questioni Sho