= Victor Mineli, the new controller of Ivanhoe 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 Useful Life in years) Accumulated Depreciation, Jan 1, 2017 Salvage Value Asset Cost Old Proposed Old Proposed Date Acquired Jan. 1.2009 Jan 1, 2012 $857.000 $159.100 40 Building Warehouse 48 $61.500 $ 35,600 129.500 24.960 25 20 4.700 5.300 All assets are depreciated by the straight-line method. Ivanhoe 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 totalie.co remaining life.) Prepare the entry to record depreciation on the building in 2017. (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