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Victor minelli, the new contractor of ivsnhoe co . Has reviewed the expected useful lives snd salvage of selected depreciable assets at the beginning of

Victor minelli, the new contractor of ivsnhoe co. Has reviewed the expected useful lives snd salvage of selected depreciable assets at the beginning of 2027. Findings
Buimding cost $990000, date acquire jan 1,2019 accumulated depreciation january 12027 $187200 useful years old 40 propossed 48 dslvshe value old $54000 propossed 37800.
Warehouse date acquire january1,2022 $127000 accumulated depreciation january 1,2027 $24290 useful yests old 25 propossed 20, salvage value old $5550 propossed 5360. All assets are depreciated by strsight line method . Ivsnhoe uses a calendar tesr in preparing snnusl finsncial statements. After discussion management accepta Victor propossed changes, the propossed useful life total life not remaining life

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