Steve Grant, the new controller of Greenbriar Ltd$,$ has reviewed the expected useful lives and residual

values of selected depreciable assets at the beginning of $2020.$ His findings are as follows:

All assets are depreciated by the straight$-$line method. Greenbriar uses a calendar year in preparing annual

financial statements. After discussion, management has agreed to accept Grant's proposed changes.

Instructions:

Compute the revised annual depreciation on each asset in $2020.($Show computation$)$

Prepare the entry $($or entries$)$ to record depreciation on the building in $2020.$