Question 5 of 7 -14 OUTLUL TVISVILU OF THIS Type of Useful Life (in years) Salvage Value Date Acquired Accumulated Depreciation, Jan. 1, 2017 Asset Cost Old Proposed Old Proposed Building Jan. 1.2009 $857,000 $ 159,100 40 48 $ 61,500 $ 35,600 Warehouse Jan. 1. 2012 129,500 24,960 25 20 4.700 5,300 All assets are depreciated by the straight-line method. Ivanhoe 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, not remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to decimal places, eg. 125) Building Warehouse Revised annual depreciation $