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 uilding farehouse Date Acquired Jan 1, 2014 Jan. 1. 2017 Cost $772,000 164,000 Accumulated Depreciation, Jan. 1, 2022 $141,800 31,690 Useful Life (in years) Old Proposed 40 58 25 20 Salvage Value Old Proposed $63,000 $35,200 5,550 4,810 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.) (b) Prepare the entry to record depreciation on the building in 2022. (Round answers to 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 o for the amounts.) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Save for Later Attempts: unlimited Submit