Victor Mineli, the new controller of Blossom Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings:

Type of		Date				Accumulated Depreciation,		Useful Life (in years)				Salvage Value
Asset		Acquired		Cost		Jan. 1, 2017		Old		Proposed		Old		Proposed
Building		Jan. 1, 2009		$700,000		$129,900		40		48		$50,500		$35,100
Warehouse		Jan. 1, 2012		115,000		22,100		25		20		4,500		3,000

All assets are depreciated by the straight-line method. Blossom Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Victors proposed changes. (The Proposed useful life is total life, not remaining life.)

(a)

Compute the revised annual depreciation on each asset in 2017. (Round answers to 0 decimal places, e.g. 125.)

		Building		Warehouse
Revised annual depreciation		$		$

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