?Question $4$ ?of $7$

Lindy Weink, the new controller of Sunland Company, has reviewed the expected useful lives and residual values of selected

depreciable assets at December $31,2024.($Depreciation for $2024$ ?has not been recorded yet.$)$ ?Her findings are as follows:

After discussion, management agrees to accept Lindy's proposed changes. All assets are depreciated by the straight$-$line method.

Sunland Company has a December $31$ ?year end.

$($a$)$

For each asset, calculate the annual depreciation expense using the original estimated useful life and residual value.

Annual depreciation expense

Building

$

per year

Equipment

per year