Joseph Geary, the controller of Carla Vista Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings:

									Useful Life (in Years)					Salvage Value
Type of Asset		Date Acquired		Cost		Accumulated Depreciation, Jan. 1, 2022			Old		Proposed			Old		Proposed
Building		Jan. 1, 2014		$2,717,000		$536,600			40		50			$124,000		$93,000
Warehouse		Jan. 1, 2017		256,000		64,000			25		20			19,000		15,000

All assets are depreciated by the straight-line method. Carla Vista Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Joseph's proposed changes. (The "Proposed" useful life is total life, not remaining life.)

Compute the revised annual depreciation on each asset in 2022.

		Type of Asset
		Building		Warehouse
Revised annual depreciation		$enter a dollar amount		$enter a dollar amount

Prepare the entry (or entries) to record depreciation on the building in 2022. (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 0 for the amounts.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31	enter an account title to record depreciation on the building on December 31	enter a debit amount	enter a credit amount
	enter an account title to record depreciation on the building on December 31	enter a debit amount	enter a credit amount