Jack Kingman the new controller of Henderson Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2021. His findings are as follows. All assets are depreciated by the straight-line method. Henderson Company uses a calendar year in preparing annual financial statement. After discussion, management has agreed to accept Jack's proposed changes. Compute the revised annual depreciation on each asset in 2021. Compute the revised annual depreciation on each asset in 2021. Prepare the entry to record depreciation on the building in 2021. (Credit account titles are automatically indented when the 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.) Jack Kingman the new controller of Henderson Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2021. His findings are as follows. All assets are depreciated by the straight-line method. Henderson Company uses a calendar year in preparing annual financial statement. After discussion, management has agreed to accept Jack's proposed changes. Compute the revised annual depreciation on each asset in 2021. Compute the revised annual depreciation on each asset in 2021. Prepare the entry to record depreciation on the building in 2021. (Credit account titles are automatically indented when the 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.)