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Paul McCartney, the new controller of Coronado Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of

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Paul McCartney, the new controller of Coronado Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022 . His findings are as follows: All assets are depreciated by the straight-line method. Coronado Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Paul's proposed changes. Compute the revised annual depreciation on each asset in 2022. Revised annual depreciation on Building Revised annual depreciation on Warehouse. Show how the building is reported in the 12/31/22 balance sheet. (Enter negative amounts using either a negative sign preceding the numbereg. 45 or parentheses es. (45).) Prepare the entry to record depreciation on the building in 2022. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually, List alf debit entry before credt entry. If no entry is required, select "No Entry "for the account titles and enter 0 for the amounts.) Show how the building is reported in the 12/31/22 balance sheet. (Enter negotive amounts using either a negative sign preceding the number es. 45 or parentheses es. (45)

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