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Victor Minel, the new controller of Carta Vista Co., has reviewed the expected useful lives...

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Accounting

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Victor Minel, the new controller of Carta Vista Co., has reviewed the expected useful lives and salvage values of selected depredable assets at the beginning of 2017. Here are his findings: Accumulated Useful Life (in Type of Date Depreciation, years) Salvage Value Asset Acquired Cost Jan 1, 2017 ola Proposed Old Proposed Building Jan 1, 2009 5979,500 $183,300 40 48 $63,000 $37,200 Warehouse Jan 1, 2012 151,500 29,290 25 20 5,050 4,460 All assets are depreciated by the straight-line method. Carla Vista Co, uses a calendar year in preparing annual financial statements. Alter discussion, management has agreed to accept Victor's proposed changes. (The Proposed useful life is total life, not remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to decimal places, ... 5,275.) Building Warehouse Revised annual depreciation hy

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