Exercise 9-8 (Part Level Submission) Terry Wade, the new controller of Hellickson Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. His findings are as follows Accumulated Depreciation Useful life in Years Date Salvage Value Type of Asset Acquired Building Warehouse 1/1/12 1/1/17 OldProposed Old Proposed 50 $44,000 $60,900 8,600 Cost 1/1/11 $830,000 103,000 $117,900 40 19,400 25 20 6,000 All assets are depreciated by the straight-line method. Hellickson Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Terry's proposed changes ? (a) Compute the revised annual depreciation on each asset in 2017 Building Warehouse Revised annual depreciation