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Victor minelli, the new contractor of ivsnhoe co. Has reviewed the expected useful lives snd...

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Accounting

Victor minelli, the new contractor of ivsnhoe co. Has reviewed the expected useful lives snd salvage of selected depreciable assets at the beginning of 2027. Findings
Buimding cost $990000, date acquire jan 1,2019 accumulated depreciation january 12027 $187200 useful years old 40 propossed 48 dslvshe value old $54000 propossed 37800.
Warehouse date acquire january1,2022 $127000 accumulated depreciation january 1,2027 $24290 useful yests old 25 propossed 20, salvage value old $5550 propossed 5360. All assets are depreciated by strsight line method . Ivsnhoe uses a calendar tesr in preparing snnusl finsncial statements. After discussion management accepta Victor propossed changes, the propossed useful life id total life not remaining life

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