Question: Exercise 6. Jerry Page, the new Controller for the Burnblack Company, has reviewed the expected useful lives and residual values of selected depreciable assets at

 Exercise 6. Jerry Page, the new Controller for the Burnblack Company,

Exercise 6. Jerry Page, the new Controller for the Burnblack Company, has reviewed the expected useful lives and residual values of selected depreciable assets at the beginning of 208. All assets are depreciated by the straight-line method and the company uses a calendar year in preparing their annual Financial Statements. After discussion, management has agreed to accept Jerry's following proposaled changes. Compute and show computations for the revised annual depreciation for 201 on each asset. Show the year end Adjusted Journal Entry for the Building. a) Building b) Warehouse Ajdusting Journal Entry for the Building

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