91% 10:59 PM Sun Terry Wade, the new controller of Pina Colada Corp, huas reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2020, His findings are as follows orations Accumulated Useful life Depreciationin Years Date Salvage Value Type of Asset Acquired Cost1/1/20 Old Proposed Old Proposed 50 $35,000 88,650 20 4,200 21840 1/1/14 $828,000 $118,950 40 Warehouse 1/1/15 120000 23,160 25 line method Pina Colada Corp. uses a calendar year in preparing annual financial All assets are deprecilated by the straight-l statements. After discussion, management has agreed to accept Terry's proposed changes Compute the revised annual depreciation on each asset in 2020 Revised annual depreciation eTextbook and Media List of Accounts 8 Window Help 1100 PM Q E eTextbook and Media List of Accounts Prepare the entry to record depreciation on the building in 2020. (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 O for the amounts Credit Account Titles and Explanation Date Dec. 31 Depreciation xps Depreclation-Buildings eTextbook and Media List of Accounts Attempts: 0 of 3 used Save for Later Check Anwer