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 2025. Here are his findings: Questi Accounti Accumulated Useful Life (in years) Salvage Value Viewi Type of Asset Date Acquired Depreciation, Cost Jan. 1, 2025 Old Proposed Old Proposed Account Building Jan. 1, 2017 $857,000 $159,100 40 58 $61,500 $35,600 Quest Account Warehouse Jan. 1, 2020 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 total life, not remaining life.) Your answer is partially correct Compute the revised annual depreciation on each asset in 2025. (Round answers to O decimal places, eg. 125.) Building, Warehouse Revised annual depreciation $ 13246 $ 5616 Quest Account Quest Account Ques Multipl Ques Multip Ques Multip Building Warehouse Revised annual depreciation $ 13246 i $ eTextbook and Media List of Accounts 5616 Que Acco View Acco Que Accom Que Accom * Your answer is incorrect. Prepare the entry to record depreciation on the building in 2025. (List debit entry before credit entry. 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) Que Accou Que Multig Date Account Titles and Explanation Debit Credit Que Multip Que Multig