Question 4 of 7 < > -/20 Lindy Weink, the new controller of Pharoah Company, has reviewed the expected uneful lives and residual vaknes 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 Building Equipment Date Acquired Jan 1.2006 Cost Current Proposed Current Proposed $800.2001 20 30 $39.600 $60.460 Jan.1.2019 125.370 5 4 4.950 3,890 After discussion, management agrees to accept Lindy's proposed dunges All assets are depreciated by the straight line method Pharoah Company has a December 31 year end For each asset, calculate the annual depreciation experne using the original estimated useful he and residual value Annual depreciation expense Building $ Equipment 5 per year per year