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

Type of Asset		Date Acquired		Cost		Accumulated Depreciation, Jan. 1, 2017		Useful Life (in years)				Salvage Value
								Old		Proposed		Old		Proposed
Building		Jan. 1, 2009		$979,500		$183,300		40		48		$63,000		$37,100
Warehouse		Jan. 1, 2012		151,500		29,290		25		20		5,050		4,600

All assets are depreciated by the straight-line method. Carla Vista Co. 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.)

Compute the revised annual depreciation on each asset in 2017. (Round answers to 0 decimal places, e.g. 125.) Building Warehouse Revised annual depreciation SHOW LIST OF ACCOUNTS LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare the entry to record depreciation on the building 2017. (Round answers to cimal 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 o for the amounts.) Account Titles and Explanation Debit Credit