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 asses at the beginning of 2017. His ndings are as follows. Accumulated Useml Ille Date Depreciation in Yer! Salvage Value 'I'yPe use: Acquired cu 1/1/17 old Proposed old Proposed Building 1/1/11 $810,000 $115,950 40 50 $37,000 $73,650 Warehouse 1/1/12 116,000 22,360 25 20 4,200 27,640 All assets are depreciated by the straight-line method. Hellickson Company uses a calendar year in preparing annual nancial statements. Aer discussion, management has agreed to accept Terry's proposed changes. V (a) E Your answer is incorrect. Try again. Compute the revised annual depreciation on each asset in 2017. Bulldlng Warehouse Revised annual depreciation