Question 5 of 6 - / 16.67 Victor Mineli, the new controller of Sunland Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings: Type of Useful Life (in years) Accumulated Depreciation, Jan. 1. 2017 Salvage Value Date Acquired Asset Cost Old Proposed Old Proposed Building Jan. 1.2009 5779,500 $143,800 40 48 $60,500 $35,200 Warehouse Jan 1, 2012 154,500 29.710 25 20 5.950 4,000 All assets are depreciated by the straight-line method. Sunland Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Victor's proposed changes. (The Proposed useful life is total life remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to decimal places, eg, 125) Building Warehouse Compute the revised annual depreciation on each asset in 2017. (Round answers to decimal places, eg. 125) Building Warehouse Revised annual depreciation e Textbook and Media List of Accounts Prepare the entry to record depreciation on the building in 2017. (Round answers to decimal places, es 125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Prepare the entry to record depreciation on the building in 2017. (Round answers to decimal places, cs. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit e Textbook and Media