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Victor Minell, the new controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of

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Victor Minell, the new controller of Blossom 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 Cost Date Acquired Jan. 1, 2009 Accumulated Depreciation, Jan. 1, 2017 $144,200 Useful Life (in years) Old Proposed 40 48 Salvage Value Old Proposed $62,500 $36,600 Building $ 783,500 Jan. 1. Warehouse 22,520 118,000 25 2 0 5,400 2012 3,900 All assets are depreciated by the straight-line method. Blossom 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 2017. (Round answers to o decimal places, e.g. 125.) Building Warehouse Revised annual depreciations

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