Question: Current Attempt in Progress Victor Mineli, the new controller of Wildhorse Co0, has reviewed the expected useful lives and salvage values of selected depreciable assets

 Current Attempt in Progress Victor Mineli, the new controller of Wildhorse
Co0, has reviewed the expected useful lives and salvage values of selected

Current Attempt in Progress Victor Mineli, the new controller of Wildhorse Co0, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022 . Here are his findings: 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 changen. (The "Proposed" useful life is totallife, not remaining life.) Compute the revised annual depreciation on each asset in 2022. Prepare the entry to record depreciation on the building in 2022. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tittes and enter ofor the amounts.)

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