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Victor Mineli, the new controller of Sunland 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 Sunland Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings: Type of Asset Building Warehouse Date Acquired Jan 1, 2009 Jan. 1. 2012 Cost $734,500 165,500 Accumulated Depreciation Jan 1, 2017 $135,500 31,860 Useful Life (in years) Old Proposed 40 48 25 20 Salvage Value Old Proposed $57,000 $35,300 6.200 3.700 All assets are deprecited by the straight-line method, Sunland 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 totallife, not remaining life.) X Your answer is incorrect Compute the revised annual depreciation on each asset in 2017. (Round answers to decimal places, c.8. 125.) Building Warehouse Revised annual depreciation $ 11274 $ 8700

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