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Victor Mineli, the new controller of Crane Company has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of

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Victor Mineli, the new controller of Crane Company has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings: Cost Type of Asset Building Warehouse Date Acquired Jan. 1.2009 Jan 1, 2012 Accumulated Depreciation Jan 1, 2017 $141,800 31,690 Useful Life (in years) Old Proposed 40 48 25 20 Salvage Value Old Proposed $63.000 $35,200 5,550 5,400 $772.000 164,000 All assets are depreciated by the straight-line method. Crane 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, notremalni life) Compute the revised annual depreciation on each asset in 2017. (Round answers to O decimal places, e.g. 125.) Building Warehouse Revised annual depreciation $ 18 A

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