Terry Wade, the new controller of Hellickson Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. His findings are as follows.

Exercise 9-8 (Part Level Submission) Terry wade, the new controller of Hellickson Company, has reviewed the expected useful lives and salvage values of selected deprediable assets at the beginning of 2017. His findings are as follows Accumulated Depreciation Useful life in Years Date Salvage Value Type of Asset Acquired Cost Building Warehouse 1/1/12 105,000 20,040 25 1/17Old Proposed Old Proposed 50 $42,000 $58,800 20 4,800 24,960 1/1/11 $802,000 $114,000 40 All assets are depreciated by the straight-line method. Hellickson Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Terry's proposed changes. (a) Your answer is partially correct. Try again. Compute the revised annual depreciation on each asset in 2017 Building Warehouse Revised annual depreciatiorn 15750 4000