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Terry Wade, the new controller of Ayayai Company, has reviewed the expected usefullives and salvage...

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Accounting

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Terry Wade, the new controller of Ayayai Company, has reviewed the expected usefullives and salvage values of selected depreciable assets at the beginning of 2022 . Here are his findings: All assets are depreciated by the straight-line method. Ayayai Company uses a calendar year in preparing annual adjusting entries and financial statements. After discussion, management has agreed to accept Terry's proposed changes. (The 'Proposed' useful life is total life, not remaining life] (a) Compute the revised annual depreciation on each asset in 2022

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