Terry Wade, the new controller of Grouper 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) Salvage Value Type of Asset Acquired Jan 1, 2022 Old Proposed Old Proposed $58,800 Cost $802,000 105,000 $114,000 40 50 Building Warehouse $42,000 Jan 1, 2016 Jan 1, 2017 20,040 25 20 4,800 24,960 All assets are depreciated by the straight-line method Grouper 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.) Prepare the entry to record depreciation on the building in 2022. (List all debit entries before credit entries. 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.) Date Account Titles and Explanation Debit Credit Dec. 31 Depletion Expense Accumulated Depreciation-Buildings