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 2022. Here are his findings: Type of Asset Building Warehouse Cost Date Acquired Jan 1, 2014 Jan 1, 2017 Accumulated Depreciation, Jan. 1.2022 $129,900 22,100 Useful Life (in years) Old Proposed 40 58 25 20 $700,000 115.000 Salvage Value Old Proposed $50,500 $35,100 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.) Compute the revised annual depreciation on each asset in 2022. Round answers to decimal places, s. 125.) Building Warehouse Revised annual depreciation $ Prepare the entry to record depreciation on the building in 2022. (Round answers to decimal places, eg. 125. 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 for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts