Exercise 9-6

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

 

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