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Victor Mineli, the new controller of Wildhorse Co, 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 Wildhorse Co, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Accumulated Depreciation Useful life (in years) Old Proposed Cost Date Acquired Jan 1, 2014 Jan 1, 2017 Type of Asset Building Warehouse Salvage Value Old Proposed $44,000 $41,800 $810,000 Jan. 1, 2022 $153,200 21,600 40 58 114,000 25 20 6,000 18,900 All assets are depreciated by the straight-line method. Wildhorse Co. 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) Compute the revised annual depreciation on each asset in 2022 Building Warehouse $ $ Revised annual depreciation

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