Exercise 9-6 Victor Mineli, the new controller of Crane Company, has reviewed the expected useful lives aage values of selected depreciable assets at the beginning of 2017. Here are his findings: Accumulated Depreciation, Useful Life (in years) Type of Date Acquired Salvage Value Cost Asset Building Warehouse 2012 All assets are depreciated by the straight-line method. Crane Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Victor's Jan. 1, 2017 Old ProposedOld Proposed $63,000 $35,200 5,400 Jan. 1, 2009 $772,000 $141,800 40 48 an. 1, 164,000 31,690 25 20 5,550 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.) Buildin Warehouse Revised annual depreciation s 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 manualy. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit