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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

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 2025. Here are his findings:
All assets are depreciated 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 total life, not
remaining life.)
Compute the revised annual depreciation on each asset in 2025.(Round answers to 0 decimal places, e.g.125.)
Building
Warehouse
Revised annual depreciation $
eTextbook and Media
List of Accounts
Prepare the entry to record depreciation on the building in 2025.(List debit entry before credit entry. Credit account titles are
automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
Date
Account Titles and Explanation
Debit
Credit
eTextbook and Media
List of Accounts
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