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Paul McCartney, the new controller of Whispering Company, has reviewed the expected useful lives and...

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Accounting

Paul McCartney, the new controller of Whispering Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. His findings are as follows.
\table[[\table[[Type of],[Asset]],\table[[Date],[Acquired]],Cost,\table[[Accumulated],[Depr.1/1/22]],Useful life (yrs.),Salvage Value],[Old,Proposed,Old,Propos],[Building,11?16,$1,220,000,$172,350,40,50,$71,000,$11
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