Terry Wade, the new controller of Ayayai Company, has reviewed the expected usefullives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Date Accumulated Depreciation Useful life (in Years) Type of Asset Acquired Cost Jan. 1.2022 Old Proposed Salvage Value Old Proposed $45,000 $39,650 Building Jan 1, 2016 $810,000 $114.750 40 50 Warehouse Jan 1, 2017 104,000 20,000 25 20 4,000 10,500 All assets are depreciated by the straight-line method. Ayayai Company uses a calendar year in preparing annual adjusting entries and financial statements. After discussion, management has agreed to accept Terry's proposed changes. (The "Proposed useful life is total life, not remaining life.) Compute the revised annual depreciation on each asset in 2022. Building Warehouse Revised annual depreciation $ $ e Textbook and Media Prepare the entry to record depreciation on the building in 2022. (List all debit entries before credit entries. Credit account tities 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) Date Account Titles and Explanation Debit Credit Dec. 31 Depreciation Expense Accumulated Depreciation Buildings