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 2025. Here are his findings: Type of Asset Date Acquired Cost Accumulated Depreciation, Jan. 1, 2025 Useful Life (in years) Salvage Value Old Proposed Old Proposed Building Warehouse Jan. 1, 2017 $700,000 $129,900 40 58 $50,500 $35,100 Jan. 1, 2020 115,000 22,100 25 20 4,500 2.900 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 Victor's proposed changes. (The "Proposed" useful life is total life, not remaining life.) Your answer is partially correct. Compute the revised annual depreciation on each asset in 2025. (Round answers to O decimal places, e.g. 125.) Revised annual depreciation eTextbook and Media. Building Warehouse 13375 $ 6000 Your answer is partially correct. Prepare the entry to record depreciation on the building in 2025. (List debit entry before credit entry. Credit account titles are 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 eTextbook and Media List of Accounts Debit 13375 Credit 13375