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QUESTION
Exercise 9-6 Victor Mineli, the new controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depreciable...
Exercise 9-6
Show more Victor Mineli, the new controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings:
Type of
Date
Accumulated
Depreciation,
Useful Life (in years)
Salvage Value
Asset
Acquired
Cost
Jan. 1, 2017
Old
Proposed
Old
Proposed
BuildingJan. 1, 2009$783,500$144,2004048$62,500$36,600WarehouseJan. 1, 2012118,00022,52025205,4003,900
