2. Lindy Weink, the new controller of Crane Company, has reviewed the expected useful lives and residual values of selected depreciable assets at December 31, 2021. (Depreciation for 2021 has not been recorded yet.) Her findings are as follows: Total Useful Life in Years Residual Value Type of Asset Date Acquired Cost Current Proposed Current Proposed Building Jan. 1, 2006 $800,500 20 30 $39,620 $60,250 Equipment Jan. 1, 2019 125,460 5 4 5,000 3,500 After discussion, management agrees to accept Lindys proposed changes. All assets are depreciated by the straight-line method. Crane Company has a December 31 year end. (a) For each asset, calculate the annual depreciation expense using the original estimated useful life and residual value. Annual depreciation expense Building $enter a dollar amount per year per year Equipment $enter a dollar amount per year per year