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:

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.$)$

$($a$)$

Compute the revised annual depreciation on each asset in $2022.$

Building

Revised annual depreciation

Warehouse

$

Prepare the entry to record depreciation on the building in $2022.($List all debit entries before credit entries. Credit account tittes are

automatically indented when amount is entered. Do not indent manully. If no entry is required, select $"$No Entry" for the account tittes and

enter $0$ for the amounts.

Date Account Titles and Explanation

Debit

Credit

Dec. $31$