Lindy Weink, the new controller of Pharoah 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 Cast Current Proposed Current Proposed Building Jan. 1, 2006 $ 800,200 20 30 $39,600 $ 60,460 Equipment Jan. 1, 2019 125,370 5 4 4,950 3,890 After discussion, management agrees to accept Lindy's proposed changes. All assets are depreciated by the straight-line method. Pharoah 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 $ 38030 per year Equipment $ 24084 per year Calculate the carrying amount of each asset as at January 1, 2021. Carrying amount Building $ 229750 Equipment $ 77202 e Textbook and Media For each asset, calculate the revised annual depreciation expense and the carrying amount at December 31, 2021. Annual depreciation expense Building $ per year Equipment $ Carrying amount Building $ Equipment $