missing part b

Exercise 9-6 (Part Level Submission) Victor Minell, the new controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings: Type of Asset Building Accumulated Depreciation, Jan. 1, 2017 Date Acquired Jan. 1, 2009 Salvage Value Useful Life (in years) Proposed Cost Old Old Proposed $783,500 $144,200 $62,500 $36,600 Warehouse 2012 118,000 22,520 25 5,400 3,900 All assets are depreciated by the straight-line method. Blossom Company 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 correct. Compute the revised annual depreciation on each asset in 2017 places, e.g. 125.) Building Revised annual depreciation 15,068 6,105 Click if you would like to show Work for this question Open Show Work CALCULATOR SHOW LIST OF ACCOUNTS PULLSCREEN SHOW SOLUTION SHOW ANSWER PRINTER VERSION BACK NEXT VIDEO SIMILAR EXERCISE Attempts: 2 of 3 used (b) Prepare the entry to record depreciation on the building in 2017. Round answers to deci ces g. 125. Credit account s when amounts entered. Do not indent manually. If no entry is required, select "No Entry for the accounties and enter for the amounts) are automatically indented Account Tities and Explanation Debit Credit Click If you would like to show Work for this questioni Open Show Work VIDEO SIMILAR ENERCISE Attempts of us