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Lindy Weink, the new controller of Oriole Company, has reviewed the expected useful lives and...

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Accounting

Lindy Weink, the new controller of Oriole Company, has reviewed the expected useful lives and residual values of selected
depreciable assets at December 31,2024.(Depreciation for 2024 has not been recorded yet.) Her findings are as follows:
After discussion, management agrees to accept Lindy's proposed changes. All assets are depreciated by the straight-line method.
Oriole Company has a December 31 year end.
(a). annual depreciation expense: Building =38028, Equipment =24036
(b)
Calculate the carrying amount of each asset as at January 1,2024.
Carrying amount
Building $
Equipment $
eTextbook and Media
Last saved 13 hours ago.
AttemFor each asset, calculate the revised annual depreciation expense and the carrying amount at December 31,2024.pts: 1 of 2 used
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