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: All assets are depreciated by the straight-ine 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 Ilfe, not remaining life) 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 tities and enter O for the amounts.)