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Useful Life (in years) Date Salvage Value Type of Asset Accumulated Depreciation Jan 1, 2022...

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Accounting

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Useful Life (in years) Date Salvage Value Type of Asset Accumulated Depreciation Jan 1, 2022 Acquired Cost Old Proposed Old Proposed Building Jan 1, 2014 $ 779,500 $ 143,800 40 58 $ 60,500 $ 35,200 Warehouse Jan 1, 2017 154,500 29.710 25 20 5,950 4,790 All assets are depreciated by the straight-line method. Sunland 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.) Compute the revised annual depreciation on each asset in 2022. (Round answers to decimal places, eg. 125.) Building Warehouse Revised annual depreciation $ $

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