Victor Mineli, the new controller of Novak Corp., 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. Novak Corp. uses a calendar year in preparing annual adjusting entries and

financial statements. After discussion, management has agreed to accept Victor's proposed changes. $($The "Proposed" useful life is

total life, not remaining life.$)$

$($a$)$

Your answer is partially correct.

Compute the revised annual depreciation on each asset in $2022.$