Terry Wade, the new controller of Riverbed 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 Cost Jan. 1.2022 Old Proposed Old Proposed Building Jan. 1. 2016 Warehouse Jan. 1, 2017 $810,000 116,000 $115,950 40 50 $37.000 $73.650 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 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 ore automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Dec. 31 Depreciation Expense Accumulated Depreciation-Buildings Debit Credit