Victor Mineli, the new controller of Oriole Company, has reviewed the expected useful lives and salvage values of selected deprecia ble assets at the beginning of 2017. Here are his findings: Useful Life (in years) Accumulated Salvage Value of Depreciation, Date Jan. 1, 2017 Proposed Acquired Cost Old Proposed Old Asset Jan. 1,2009 $975,500 $183,700 $57,000 $35,300 Building 40 48 Warehouse Jan. 1, 2012 125,000 23,960 25 20 5,200 4,900 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 2017. (Round answers to 0 decimal places, eg. 125.) Building Warehouse Revised annual depreciation $ eTextbook and Media List of Accounts Prepare the entry to record depreciation on the building in 2017. (Round answers to O 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 Blue Company has an old factory machine that cost $60,500. The machine has accumulated depreciation of $33,880. Blue has decided to sell the machine. (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.) What entry wou ld Blue make to record the sale of the machine for $30,250 cash? (a) What entry wou ld Blue make to record the sale of the machine for $18,150 cash? (b) Account Titles and Explanation No. Debit Credit (a) (b)