-/10 Question 3 of 5 View Policies Current Attempt in Progress 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 2017. Here are his findings: Type of Date Acquired Jan. 1.2009 Jan 1, 2012 Asset Building Warehouse Cost $797,500 118,500 Useful Life (in years) Old Proposed 40 48 25 20 Accumulated Depreciation Jan 1, 2017 $145,600 22,540 Salvage Value Old Proposed $69,500 $36,800 5,800 5,500 All assets are depreciated by the straight-line method. Oriole Company 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 totallife. not remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to 0 decimal places. c.8. 125.) Building Warehouse 6409 $ 18913 $ Revised annual depreciation e Textbook and Media List of Accounts WP ADMIUI AD W NWP Acest Player AS water Cars Your Em Sector Question 3 of 5 - / 10 Building Warehouse Revised annual depreciation $ 18913 $ 6409 e Textbook and Media List of Accounts Prepare the entry to record depreciation on the building in 2017. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required. select "No Entry for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation Cost of Goods Sold Accumulated Depreciation Buildings eTextbook and Media List of Accounts Attempts: 0 of 1 used Sumt Answer Save for Later