Question 18 of 24 > - / 6 E View Policies Current Attempt in Progress Daniel Geary, the controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Uetul Life in Years) Salvage Value Old Accumulated Depreciation, Jan 1, 2022 Type of Asset Proposed Old Date Acquired Proposed Cost Building Jan 1, 2014 $2.730.000 $526,800 40 50 $137.000 $99,000 Warehouse Jan 1, 2017 259.000 69,000 25 20 17.000 10,000 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 Daniel's proposed changes. The Proposed useful life is total life, not remaining life.) 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 Daniel's proposed changes. (The "Proposed" useful life is totallife, not remaining life.) (a) Compute the revised annual depreciation on each asset in 2022 Type of Asset Building Warehouse Revised annual depreciation $ Save for Later Attempts: 0 of 1 used Subrot Arter (b) The parts of this question must be completed in order. This part will be available when you complete the part above