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(Solved): My answers were building: 14,840 and warehouse: 1,459.66667 how are they wrong? please help me& ...
My answers were building: 14,840 and warehouse: 1,459.66667
how are they wrong? please help me
Victor Mineli, the new controller of Sandhill Co. has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2025. Here are his findings: All assets are depreciated by the straight-line method, Sandhill Co. uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Victor's proposed changes. (The "Proposed" useful life is total life, not remaining life.) (a) Compute the revised annual depreciation on each asset in 2025. (Round answers to O decimal places, e. 125.)