Compute revised annual depreciation. E9.9 (LO 2) Steve Grant, the new controller of Greenbriar Ltd., has reviewed the expected useful lives and residual values of selected depreciable assets at the beginning of 2025. His findings are as follows. agoig s!!! Useful Tota! Life in Years Old Proposed 50 20 Type of Asset Building Warehouse Date Acquired 1/1/15 1/1/20 Cost 800,000 100,000 Accumulated Depreciation 1/1/25 40 25 Residual Value Old 40,000 10,000 Proposed Instructions noiziows a. Compute the revised annual depreciation on each asset in 2025. (Show computations.) b. Prepare the entry (or entries) to record depreciation on the building in 2025. 18,000 3,700 190,000 18,000 sean aldalbergol SAL All assets are depreciated by the straight-line method. Greenbriar uses a calendar year in preparing an- nual financial statements. After discussion, management has agreed to accept Grant's proposed changes. VILET gode

Compute rovised arnual depreciation. E9.9 (LO 2) Steve Grant, the new controller of Greenbriar Lid., has reviewed the expected useful lives and residual values of selected depreciable assets at the beginning of 2025 . His findings are as follows. All assets are depreciated by the straight-line method. Greenbriar uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Grant's proposed changes. Instructions a. Compute the revised annual deprechation on each asset in 2025. (Show computations.) b. Prepare the entry (or entries) to record depreciation on the bullding in 2025