Lindy Weink, the new controller of Crane Company, has reviewed the expected useful lives and residual values of selected depreciable assets at December 31, 2021. (Depreciation for 2021 has not been recorded yet.) Her findings are as follows: Total Useful Life in Years Residual Value Type of Asset Date Acquired Cost Current Proposed Current Proposed Building Equipment Jan. 1, 2006 Jan. 1, 2019 $800,500 20 30 $39,620 $60,250 125,460 5 5,000 3,500 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. For each asset, calculate the annual depreciation expense using the original estimated useful life and residual value. Annual depreciation expense Building $ 38044 per year Equipment 24092 per year Calculate the carrying amount of each asset as at January 1, 2021. Building Equipment Carrying amount 230025 77056 For each asset, calculate the revised annual depreciation expense and the carrying amount at December 31, 2021. Annual depreciation expense Building $ Equipment $ Carrying amount Building $ Equipment per year