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 2017. Here are his findings: Type of Asset Building Warehouse Cost Date Acquired Jan. 1, 2009 Jan. 1, 2012 Accumulated Depreciation, Jan. 1, 2017 $145,600 22,540 Useful Life (in years) Old Proposed 40 48 Salvage Value Old Proposed $69,500 $36,800 5,800 5,500 $797,500 118,500 25 20 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.) Your answer is partially correct. Compute the revised annual depreciation on each asset in 2017. (Round answers to 0 decimal places, e.g. 125.) Building Warehouse Revised annual depreciation $ 1,378 $ 6,031 X Your answer is incorrect. Prepare the entry to record depreciation on the building in 2017. (Round answers to 0 decimal places, e.g. 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 0 for the amounts.) Account Titles and Explanation Debit Credit