Victor Mineli, the new controller of Pharoah Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Useful Life (in years) Salvage Value Type of Asset Date Acquired Accumulated Depreciation, Jan. 1, 2022 Cost Old Proposed Old Proposed Building Jan 1, 2014 $728,500 $134,200 40 58 $57,500 $36.100 Warehouse Jan 1, 2017 161,500 31,200 25 20 5,500 5,800 All assets are depreciated by the straight-line method. Pharoah 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 decimal places, eg. 125.) Building Warehouse Revised annual depreciation $ $ Pronghorn Corporation and Monty Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. Pronghorn Corp. Monty Corp. Net income $ 256,440 $ 322,320 Sales revenue 1,602,750 1,611,600 Total assets (average) 5,342,500 4,029,000 Plant assets (average) 2,430,000 1,829,000 Intangible assets (goodwill) 459,100 0 (a) For each company, calculate these values: (Round return on assets and profit margin to 1 decimal place, eg. 6.2% and asset turnover to 2 decimal places, e.g. 17.54.) Pronghorn Corp. Monty Corp. (1) Return on assets % (2) Profit margin % % (3) Asset turnover times times