Question: Current Attempt in Progress Steve Grant, the new controller of Metlock Ltd. has reviewed the expected useful lives and residual values of selected deprecable assets

 Current Attempt in Progress Steve Grant, the new controller of Metlock
Ltd. has reviewed the expected useful lives and residual values of selected

Current Attempt in Progress Steve Grant, the new controller of Metlock Ltd. has reviewed the expected useful lives and residual values of selected deprecable assets at the beginning of 2020. His findings are as follows. Accumulated Depreciation Total Useful life in Years Residual Valge Date Old Old Acquired 1/1/20 Cost Proposed Proposer Type of Asset 40 50 191.250 45.000 E22.750 Building 1/1/10 E810.000 25 20 4.000 10.500 20,000 104.000 Warehouse 1/1/15 All assets are depreciated by the straight-line method. Metlock uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Grant's proposed changes All assets are depreciated by the straight-line method. Metlock uses a calendar year in preparing annual financial statements. Alter discussion, management has agreed to accept Grant's proposed changes. Compute the revised annual depreciation on each asset in 2020 Building Warehouse E Revised annual depreciation e Textbook and Media List of Accounts

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