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Exercise 9-6 (Part Level Submission) Victor Mineli, the new controller of Crane Company, has reviewed...

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Exercise 9-6 (Part Level Submission) Victor Mineli, the new controller of Crane Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings Accumulated Depreciation, Jan. 1, 2017 Useful Life (in years) Type of Date Salvage Value Old $134,400 40 23,290 25 Old Proposed $65,000 $36,700 5,100 Acquired Proposed Asset Building Warehouse 2012 Cost $737,000 121,000 Jan. 1, 2009 48 Jan. 1, 20 4,550 All assets are depreciated by the straight-line method. Crane 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.) (a) Compute the revised annual depreciation on each asset in 2017. (Round answers to o decimal places, e.g. 125.) Building Warehouse Revised annual depreciation s

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