Victor Mineli, the new controller of Oriole 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 Date Asset Acquired Building Jan. 1. 2014 Warehouse Jan 1, 2017 Cost $797,500 118,500 Accumulated Depreciation Jan 1, 2022 $145,600 22540 Useful Life (in years) Old Proposed 40 58 25 20 Salvage Value Old Proposed $69.500 $36,800 5,800 5.960 All assets are depreciated by the straight line method. Oriole 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, c.8. 125) Building Warehouse Revised annual depreciation Victor Mineli, the new controller of Oriole 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 Date Asset Acquired Building Jan. 1. 2014 Warehouse Jan 1, 2017 Cost $797,500 118,500 Accumulated Depreciation Jan 1, 2022 $145,600 22540 Useful Life (in years) Old Proposed 40 58 25 20 Salvage Value Old Proposed $69.500 $36,800 5,800 5.960 All assets are depreciated by the straight line method. Oriole 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, c.8. 125) Building Warehouse Revised annual depreciation