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

 Current Attempt in Progress Victor Mineli, the new controller of Sandhill

Current Attempt in Progress Victor Mineli, the new controller of Sandhill Co., has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Useful Life (in years) Accumulated Salvage Value Date of Depreciation, Jan. 1, 2022 Asset Acquired Cost Old Proposed Old Proposed Building Jan. 1, 2014 $770,000 $139,900 40 $70,500 $36,500 58 Warehouse Jan. 1, 2017 142,000 27,130 25 20 6,350 5,370 All assets are depreciated by the straight-line method. Sandhill Co. 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.) Your answer is partially correct Compute the revised annual depreciation on each asset in 2022. (Round answers to 0 decimal places, e.g. 125.) Warehouse Building Revised annual depreciation $ $ 14840 7300 eTextbook and Media List of Accounts

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