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: Accumulated Depreciation, Useful Life (in years) Salvage Value Type of Asset Date Acquired Cost $700,000 115,000 an. 1, 2017 Old Proposed Old Proposed Jan. 1 2009 Jan. 1 Building $129,900 40 48 $50,500 $35,100 Warehouse 2012 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 Victor's proposed changes. (The "Proposed" useful life is total life, not remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to 0 decimal places, e.g. 125.) Building Warehouse Revised annual depreciation $[enter a dollar amount] $[enter a dollar amount] Prepare the entry to record depreciation on the building in 2017. (Round answers to 0 decimal places, e.g. 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 0 for the amounts.) Account Titles and Explanation Debit Credit enter an account title] enter a debit amount] [enter a credit amount] enter an account title] enter a debit amount] [enter a credit amount]