Exercise 9-6 (Part Level Submission) Victor Mineli, the new controller of Sandhill Co, has reviewed the...
Current Attempt in Progress 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 2022. Here are his findings: Useful Life (in years) Accumulated Salvage Value Date Туре of Depreciation, Jan. 1, 2022 Asset Acquired Cost Old Proposed Old Proposed Building Jan. 1, 2014 $770,000 $139,900 40 $70,500 $36,500 58 Warehouse Jan. 1, 2017 142,000 27,130 25 20 6,350 5,370 All assets are depreciated by...
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 2022. Here are his findings: Useful Life (in years) Salvage Value Type of Asset Date Acquired Accumulated Depreciation, Jan. 1, 2022 Cost Old Proposed Old Proposed Building Jan. 1, 2014 $908,000 58 $65,500 $36,600 $168,500 29,680 40 25 Warehouse Jan 1, 2017 153,000 2 0 4,600 5,420 All assets are depreciated by the straight-line method....
Exercise 9-07 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 2022. Here are hi findings: Type of Asset Building Warehouse Acquired Jan. 1, 2014 Jan. 1, 2017 Cost $908,000 153,000 Accumulated Depreciation, Jan. 1, 2022 $168,500 29,680 Useful Life (in years) Old Proposed 4058 25 20 Salvage Value Old Proposed $65,500 $36,600 4,600 5,420 All assets are depreciated by the straight-line method. Sandhill...
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 2022. Here are his findings: Type of Asset Date Acquired Cost Accumulated Depreciation, Jan. 1, 2022 Useful Life (in years) Salvage Value Old Proposed Old Proposed Building Jan. 1, 2014 $908,000 $168,500 40 58 $65,500 $36,600 Warehouse Jan. 1, 2017 153,000 29,680 25 20 4,600 5,420 All assets are depreciated by the straight-line method. Sandhill...
Exerclse 9-07 (Part Level Submission) Victor Mineli, the new controller of Crane Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Useful Life (In years) Accumulated Deprecation, Jan. 1, 2022 Salvage Value Type of Asset Date Old Proposed Old Proposed Acquired Cost $162,800 $36,900 $869,500 40 $55,500 Jan. 1, 2014 58 Bulding 28,750 25 20 5,250 3,400 Jan. 1, 2017 149,000 Warehouse All assets are depreciated...
Victor Mineli, the new controller of Cullumber Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Useful Life (in years) Salvage Value Type of Asset Date Acquired Accumulated Depreciation, Jan. 1, 2022 Cost Old Proposed Old Proposed Building Jan. 1, 2014 $946,500 $177,200 40 $60,500 $35,100 Warehouse Jan. 1, 2017 130,000 24,710 25 6,450 4,700 All assets are depreciated by the straight-line method. Cullumber Company uses...
Victor Mineli, the new controller of Carla Vista Co., has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Useful Life (in years) Salvage Value Type of Asset Proposed Old Proposed Accumulated Depreciation, Jan 1, 2022 $136,000 27,710 Date Acquired Cost Jan. 1, 2014 $736,500 Jan. 1, 2017 145,000 Building Warehouse Old 40 25 58 $56,500 206,450 $36,700 4,790 All assets are depreciated by the straight-line method. Carla...
ictor Mineli, the new controller of Carla Vista Co, has reviewed the expected useful lives and salvage values of selected depreciable assets at the eginning of 2017, Here are his findings: Accumulated Depreciation, Useful Life (in years) Salvage Value Type ofDate Asset AcquiredCostJan. 1, 2017 OldProposed Old Proposed BuildingJan. 1,2009 $ 736,500 $136,000 40 Warehouse Jan. 1,2012 145,000 48 $56,500 $36,700 27,710 25 20 6,450 4,400 All assets are depreciated by the straight-line method. Carla Vista Co. uses a calendar...
Victor Mineli, the new controller of Sheridan 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 Useful Life (in years) Salvage Value Accumulated Depreciation, Jan. 1, 2017 Asset Old Proposed Old Proposed Date Acquired Cost Jan. 1, 2009 $806,000 Jan 1, 2012 150,500 $36,800 Building Warehouse $149,200 28,820 40 25 $60,000 6,400 2 0 4,200 All assets are depreciated by the straight-line method. Sheridan...
Victor Mineli, the new controller of Oriole Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Useful Life (in years) Salvage Value Type of Asset Date Acquired Accumulated Depreciation, Jan. 1, 2022 Cost Old Proposed Building Warehouse Jan. 1, 2014 Jan 1, 2017 $975,500 125,000 $183,700 23,960 40 25 58 20 Old $57,000 5,200 Proposed $35,300 4,890 All assets are depreciated by the straight-line method. Oriole...