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: Accumulated Useful Life (in years) Salvage Value Type of Asset Date Acquired Depreciation, Cost Jan. 1, 2022 Old Proposed Old Proposed Building Jan. 1, 2014 $783,500 $144,200 40 58 $62,500 $36,600 Warehouse Jan. 1, 2017 118,000 22,520 25 20 5,400 3,980 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 remaining life.) Compute the revised annual depreciation on each asset in 2022. (Round answers to O decimal places, eg. 125.) Revised annual depreciation Building Warehouse List of Accounts Prepare the entry to record depreciation on the building in 2022. (Round answers to O decimal places, eg. 125. Credit account title are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tie and enter O for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Account