Exercise 9-7 Lindy Weink, the new controller of Crane Company, has reviewed the expected useful lives and residual values of selected depreciable assets at December 31, 2017. (Depreciation for 2017 has not been recorded yet.) Her findings are as follows: Type of Asset Building Equipment Date Acquired Jan. 1, 2002 Jan. 1, 2015 Cost $800,410 125,470 Total Useful Life in Years Current Proposed 21 30 Residual Value Current Proposed $39,680 $60,170 4,840 3,500 5 4 After discussion, management agrees to accept Lindy's proposed changes. All assets are depreciated by the straight-line method. Crane Company has a December 31 year end. Calculate the carrying amount of each asset as at January 1, 2017. (Round answers to o decimal places, e.g. 5,275.) Carrying amount Building Equipment LINK TO TEXT For each asset, calculate the revised annual depreciation expense and the carrying amount at December 31, 2017. (Round answers to 0 decimal places, e.g. 5,275.) Annual depreciation expense Building S per year Equipment Carrying amount Building Equipment