Type of Asset Building Warehouse Date Acquired (a) Jan. 1, 2014 Jan. 1, 2017 Cost $814,500 123,000 Accumulated Depreciation, Jan. 1, 2022 $149,500 Revised annual depreciation $ 23,680 Useful Life (in years) Building Old 40 25 Proposed 58 69 20 Salvage Value Old All assets are depreciated by the straight-line method. Cullumber Company uses 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 life.) Warehouse $67,000 Compute the revised annual depreciation on each asset in 2022. (Round answers to 0 decimal places, e.g. 125.) 4,600 Proposed $36,800 3,800

All assets are depreciated by the straight-line method. Cullumber Company uses 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 life) (a) Compute the revised annual depreciation on each asset in 2022. (Round answers to 0 decimol places, eg. 125)