Iindy Weink, the new controller of Sandhill Company, has reviewed the expected usefullives and residual values of selected depreciable assets at December 31, 2024. (Depreciation for 2024 has not been recorded yet.) Her findings are as follows: Type of Asset Date Acquired Cost Total Useful Life in Years Residual Value Current Proposed Current Proposed Building Jan. 1, 2009 $800,100 20 30 $39,600 $60,420 Equipment Jan. 1, 2022 125,340 5 4 4,530 3,850 After discussion, management agrees to accept Lindy's proposed changes. All assets are depreciated by the straight-line method. Sandhill Company has a December 31 year end. (a) For each asset, calculate the revised annual depreciation expense and the carrying amount at December 31, 2024