Exercise 9-6 (Part Level Submission) Victor Mineli, the new controller of Sandhill Co, has reviewed...
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Exercise 9-6 (Part Level Submission) Victor Mineli, the new controller of Sandhill Co, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings: Accumulated Depreciation, Useful Life (in years) Salvage Value Type of Date Asset Acquired Cost Jan. 1, 2017 Old Proposed OldProposed Building Warehouse 2012 $770,000 , $139,900 40 48 $70,500 36,500 Ong Jan. 1, 142,000 27,130 25 20 6,350 5,400 All assets are depreciated by the straight-line method. Sandhill Co. 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.) Compute the revised annual depreciation on each asset in 2017. (Round answers to 0 decimal places, e.g. 125) BuildingWarehouse Revised annual depreciation s Click i f you would like to Show Work for this question: Open Show Work
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