Exercise 9-6 Victor Mineli, the new controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017 Here are his findings: Accumulated Depreciation, Useful Life (in years) Salvage Value Date Acquired Type of Cost $783,500 118,000 Jan. 1, 2017 Old Proposed Old Proposed Asset Building Warehouse 2012 All assets are depreciated by the straight-line method. Blossom Company uses a calendar year in preparing annual financial statements. After discussion, management has Jan. 1, 2009 $144,200 40 48 $62,500 $36,600 Jan. 1, 22,520 25 20 5,400 3,900 agreed to accept Victor's proposed changes. (The "Proposed" useful life is total life, not remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to 0 decimal places, e.g. 125.) BuildingWarehouse Revised annual depreciation 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 0 for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work