Current Attempt in Progress Victor Mineri, the new controller of Wilhorse Co, has reviewed the...
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Accounting
Current Attempt in Progress Victor Mineri, the new controller of Wilhorse Co, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2025 . Here are his findings: All assets are depreciated by the straight-line method. Wildhorse Co. uses a calendar year in preparing annual financial statements After discussion, management has agreed to accept Victor's proposed changes. (The "Proposed" useful Bfe is total life, not remaining Iifes Coenpute the revised annual depreciation on each asset in 2025, (Round answers to 0 decimal ploces, e.3. 125.) Prepare the entry to record depreciation on the building in 2025. (List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
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