Terry Wade, the new controller of Riverbed Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2020. His findings are as follows. Date Accumulated Depreciation Useful life in Years Type of Asset Building Acquired Cost 1/1/20 Old Proposed Old Salvage Value Proposed 1/1/14 $810,000 $115,950 40 50 $37,000 $73,650 Warehouse 1/1/15 116,000 22,360 25 20 4,200 27.640 All assets are depreciated by the straight-line method. Riverbed Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Terry's proposed changes. (a) Compute the revised annual depreciation on each asset in 2020. Revised annual depreciation Building Warehouse