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Question 1 of 3 0/4 Current Attempt in Progress Victor Minell, the new controller of Carla Vista Co, has reviewed the expected useful lives and

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Question 1 of 3 0/4 Current Attempt in Progress Victor Minell, the new controller of Carla Vista Co, has reviewed the expected useful lives and salvage values of selected depreciabil assets at the beginning of 2022. Here are his findings: Type of Date Accumulated Depreciation. Useful Life (in years) Salvage Value Old Proposed Asset Acquired Cost Jan. 1.2022 Old Proposed Building Jan 1, 2014 $979,500 40 48 $63.000 $37.200 $183,300 29.290 Warehouse Jan 1, 2017 151,500 25 20 5,050 4460 All assets are depreciated by the straight line method. Carla Vista Couses 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 lite Compute the revised annual depreciation on each asset in 2022. {Round answers to decimal places, es 5:275) Building Warehouse Revised annual depreciation 5

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