Exercise 9-6 Victor Mineli, the new controller of Cullumber 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, AcquiredCostJan. 1, 2017 Useful Life (in years) Type of Date Salvage Value Asset Building 2009 Warehouse 2012 Old $177,200 40 24,710 25 Proposed Old Proposed $60,500 $35,100 6,450 4,700 Jan. 1, $946,500 48 house Jan 130,000 20 All assets are depreciated by the straight-line method. Cullumber Company uses a calendar year in preparing annual financial statements. After discussion, management has 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 o decimal places, e.g. 125.) Building Warehouse 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 O for the amounts. Debit Credit Account Titles and Explanation Click if you would like to Show Work for this question: Open Show Work