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 2022. Here are his findings:

Type of Asset		Date Acquired		Cost		Accumulated Depreciation, Jan. 1, 2022		Useful Life (in years)				Salvage Value
								Old		Proposed		Old		Proposed
Building		Jan. 1, 2014		$737,000		$134,400		40		58		$65,000		$36,700
Warehouse		Jan. 1, 2017		121,000		23,290		25		20		4,550		5,100

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 Victors 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 0 decimal places, e.g. 125.)

		Building		Warehouse
Revised annual depreciation

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List of Accounts

Prepare the entry to record depreciation on the building in 2022. (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