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Victor Mineli, the new controller of Kingbird, Inc., 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 Kingbird, Inc., has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: All assets are depreciated by the straight-line method. Kingbird, Inc. uses a calendar year in preparing annual adjusting entries and financlal 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 decimal places, e.g. 5,125.)

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