Terry Wade, the new controller of Pronghorn Company, has reviewed the expected usefullives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Accumulated Depreciation Useful life (in Years) Date Salvage Value Type of Asset Acquired Cost Jan. 1, 2022 Old Proposed Old Proposed Building Jan. 1, 2016 $807,000 $115,800 40 50 $35,000 $66,400 Warehouse Jan. 1, 2017 106,000 20,360 25 20 4,200 24.140 All assets are depreciated by the straight-line method. Pronghorn 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.) (a) Your answer is incorrect. Compute the revised annual depreciation on each asset in 2022. Building Warehouse Revised annual depreciation $ $