Compute revised annual depreciation on each asset in 2022 and preoare entry to record depreciation on building in 2022

3.33/10 E View Policies Show Attempt History Current Attempt in Progress Terry Wade, the new controller of Bramble Company, has reviewed the expected usefulves and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings Date Accumulated Depreciation Jan. 1.2022 Useful life (in Years) Salvage Value Type of Asset Acquired Cost Old Old Proposed Proposed 50 Jan 1, 2016 $824,000 Building $117.800 40 $40.000 $64,000 Jan. 1.2017 107,000 20.540 25 20 Warehouse 4,300 12.960 All assets are depreciated by the straight-line method. Bramble Company uses a calendar year in preparing annual susting entries and financial statements. After discussion, management has agreed to accept Terry's proposed changes. (The Proposedusetuleks total life, not remaining life) X Your answer is incorrect set in 2022 Question 1 of 10 > 3.33/10 X Your answer is incorrect. Compute the revised annual depreciation on each asset in 2022. Building Revised annual depreciation Warehouse $ 12.848 3675 eTextbook and Media List of Accounts Your answer is partially correct. - Your answer is partially correct. Prepare the entry to record depreciation on the building in 2022. (list all debit entries before credit entries. Credit account titles are automatically Indented when amount is entered. Do not Indent manually. I no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Tities and Explanation Debit Credit Dec. 31 Depreciation Expense 12.848 12. Accumulated Depreciation Buildings e Textbook and Media List of Accounts