Type of Accumulated Useful Life (in years) Salvage Value Asset Date Acquired Depreciation, Cost Jan. 1, 2017 Old Proposed Old Proposed Building Jan. 1, 2009 $737,000 $134,400 40 48 $65,000 $36,700 Warehouse Jan. 1, 2012 121,000 23,290 25 20 4,550 5,100 All assets are depreciated by the straight-line method. Crane Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Victor's proposed changes. (The "Proposed" useful life is total life, not remaining life.) x Your answer is incorrect Compute the revised annual depreciation on each asset in 2017. (Round answers to O decimal places, eg. 125) Building Revised annual depreciation $ Textbook and Media Warehouse 737000 $ 121000