Victor Mineli, the new controller of Cullumber Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings:

Victor Mineli, the new controller of Cullumber Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Useful Life (in years) Salvage Value Accumulated Depreciation. Jan. 1.2022 Date Acquired Jan 1, 2014 Cost Old Proposed Old Type of Asset Building Warehouse Proposed $946,500 $177,200 40 58 $60,500 $35,100 Jan 1, 2017 130,000 24.710 25 20 6,450 4,700 All assets are depreciated by the straight-line method. Cullumber 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 2022. (Round answers to decimal places, e.g. 125.) Building Warehouse Revised annual depreciation $ e Textbook and Media List of Accounts Prepare the entry to record depreciation on the building in 2022. (Round answers to decimal places, eg. 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 Titles and Explanation Debit Credit Depreciation Expense Accumulated Depreciation-Buildings eTextbook and Media List of Accounts