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Question 2 Danny Venable, the new controller of Seratelli Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2014. Here are his findings: Useful Life (in Accumulated Depreciation, Jan. 1, 2014 years)Salvage Value Date Acquired Type of Old $184,488 40 23,902 25 Old Cost $975,600 125,500 Pro Pro Asset Building Warehouse 2009 All assets are depreciated by the straight-line method. Seratelli Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to Jan. 1, 2006 Jan. 1, 48 $53,160 $36,490 5,990 5,360 accept Danny's proposed changes. (The " Proposed" useful life is total life, not remaining life.) (a) Compute the revised annual depreciation on each asset in 2014. (Round answers to 0 decimal places, e.g. 125.) uildin arehouse Revised annual depreciation By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Attempts: 0 of 2 used