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Victor Mineli, the new controller of Carla Vista Co, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning
Victor Mineli, the new controller of Carla Vista Co, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017, Here are his findings: Type of Date Salvage Value Asset Acquired Cost Jan. 1, 2017 Old ProposedOld Proposed Bulding Jan1, 2009 $736,500 Warehouse lan. 1, 2012 145,000 48 $56,500 6,450 135,00 $36,700 145,000 27.710 25 All assets are depreciated by the straight-line method. Carla Vists Co. uses a calendar year in preparing annual financial statements. After disoussion, management has agreed to accept Victor's proposed changes. (The "Froposed" useful life is total life, not remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to O decimal places, e.g. 125.) Revised annuel depreciation LINK TO TEXT Prepare the entry to record depreciation on the building in for the amounts.) 2017 (Round answers to 0 decimal places, e.g. 125, Credit account titles are automatically indented when amount is entered. Do not indent manually, Ino entry is required, select "No Entry" for the a Account Titles and Explanation Debit Credil Victor Mineli, the new controller of Carla Vista Co, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017, Here are his findings: Type of Date Salvage Value Asset Acquired Cost Jan. 1, 2017 Old ProposedOld Proposed Bulding Jan1, 2009 $736,500 Warehouse lan. 1, 2012 145,000 48 $56,500 6,450 135,00 $36,700 145,000 27.710 25 All assets are depreciated by the straight-line method. Carla Vists Co. uses a calendar year in preparing annual financial statements. After disoussion, management has agreed to accept Victor's proposed changes. (The "Froposed" useful life is total life, not remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to O decimal places, e.g. 125.) Revised annuel depreciation LINK TO TEXT Prepare the entry to record depreciation on the building in for the amounts.) 2017 (Round answers to 0 decimal places, e.g. 125, Credit account titles are automatically indented when amount is entered. Do not indent manually, Ino entry is required, select "No Entry" for the a Account Titles and Explanation Debit Credil
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