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Victor Mineli, the new controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2025. Here are his findings: Type of Asset Building Warehouse Date Acquired (a) Jan. 1, 2017 Jan. 1, 2020 Cost $700,000 115,000 Accumulated Depreciation, Jan. 1, 2025 $129,900 Revised annual depreciation $ 22,100 Useful Life (in years) Old Building 40 25 Proposed 58 20 Salvage Value Old Warehouse $50,500 All assets are depreciated by the straight-line method. Blossom Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Victor's proposed changes. (The "Proposed" useful life is total life, not remaining life.) 4,500 Compute the revised annual depreciation on each asset in 2025. (Round answers to 0 decimal places, e.g. 125.) Proposed $35.100 2,900

Victor Mineli, the new controller of Biessom Company, has reviewed the expectedt useful lives and salvage values of selected depreciable assetsat the beginningof 2025. Hereare his findings: Al asputs aredepreciated by the straight-line method. Blossom Company uses a calendar yeat in preparing annual financial stateinentsi After discussion, management has agreed to accept Victor's proposed changes, (The 'Proposed" useful life is total life, not cemaininglife] (a) Cempute the revised annual depreciation on eachasset in 2025. (Round anwwers to O decimor mocrs es. 125)