Question 7 of 9 -/14 View Policies Current Attempt in Progress Victor Mineli, the new controller of Pharoah Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Type of Asset Building Warehouse Cost Date Acquired Jan. 1, 2014 Jan. 1, 2017 Accumulated Depreciation, Jan. 1, 2022 $147.300 22,440 Useful Life (in years) Old Proposed 40 58 Salvage Value Old Proposed $64.000 $35,800 4.800 4,560 $800,500 117,000 25 20 All assets are depreciated by the straight-line method. Pharoah 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 2022. (Round answers to 0 decimal places, e.g. 125.) Building Warehouse search (994 All assets are depreciated by the straight-line method. Pharoah Company uses a calendar year in preparing annual statements. After discussion, management has agreed to accept Victor's proposed changes. (The "Proposed usefu not remaining life.) Compute the revised annual depreciation on each asset in 2022. (Round answers to 0 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 2022. (Round answers to decimal places, e.g. 125. Crec are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for titles and enter for the amounts.) ch 199+ Question 7 of 9 -/14 Prepare the entry to record depreciation on the building in 2022. (Round answers to 0 decimal places, e.g. 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 List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer arch o (99+