Victor Mineli, the new controller of Crane Company, 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 Building Warehouse Date Acquired Jan. 1.2009 Jan 1, 2012 Cost $772,000 164,000 Accumulated Depreciation Jan. 1, 2017 $141,800 31,690 Useful Life (in years) Old Proposed 40 48 25 20 Salvage Value Old Proposed $63,000 $35,200 5,550 5,400 All assets are depreciated by the straight-line method. Crane 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 O decimal places, e.g. 125.) Building Warehouse Revised annual depreciation $ 18 dtv "ZAP Question 4 of 6 Compute the revised annual depreciation on each asset in 2017. (Round answers to 0 decimal places, e.g. 125.) Building Warehouse Revised annual depreciation 1 Prepare the entry to record depreciation on the building in 2017 (Round answers O 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 for the amounts.) Account Tities and Explanation Debit Credit