Terry Wade, the new controller of Pina Colada Corp., has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2020. His findings are as follows. Cost Type of Asset Building Warehouse Date Acquired 1/1/14 1/1/15 Accumulated Depreciation 1/1/20 $118,950 23,160 Useful life in Years Old Proposed 40 50 25 20 Salvage Value Old Proposed $35,000 $88.650 4,200 21.840 $828,000 120,000 All assets are depreciated by the straight-line method. Pina Colada Corp. uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Terry's proposed changes. Part 1 Compute the revised annual depreciation on each asset in 2020. Building Warehouse Revised annual depreciation $ $