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ttings LUS Weygandt. Accounting Principles, 13e Help 1 System Announcements CALCULATOR PONTE VERSION SACK 2 Exercise 16-08 2-6 (Video) Terry Wade the new controller of Pronghorn Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2020. His findings are as follows: Accumulated Useful life Date Depreciation in Years Salvage Value Type of Asset Acquired Cost 1/1/20 Old Proposed Old Proposed Building 1/1/14 $807.000 $115,800 40 50 $35.000 $66.400 Warehouse 1/1/15 106,000 20,360 25 20 4,200 24,140 tudy All assets are depreciated by the straight-line method. Pronghorn Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Terry's proposed changes El your answer is incorrect. Try again. Compute the revised annual depreciation on each asset in 2020 Warehouse Revised annual depreciation 5090 Building 15440 SHOW DITO ACCOUNTS UNK TO TEXT VIDEO SOLAR ENERCISE You never is partially correct. Try again. Prepare the entry to record depreciation on the building in 2020. (Credit account titles are statically cented when i stered. Do not indentally. If ne entry is required. select "Ne Entry for the account titler andet for the amor.) Date Account Tiles and Explanation Debit Credit Dec 31 Depreciation Exponte Accumulated probudine Click if you would like to show Work for this question: Red Show Work HOW TO MOUTH UNYO TEXT Question Attempt of Sured SUBMIT ANSES

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