Victor Mineli, the new controller of Pharoah Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings Accumulated Depreciation, Useful Life (in years) Type of Date Salvage Value Acquired Cost Jan. 1, 2017 Old Proposed Jan. 1, 2009 Jan. 1, Old Proposed Asset Building Warehouse 2012 $800,500 $147,300 40 48 $64,000 $35,800 117,000 22,440 25 20 4,800 4,600 All assets are depreciated by the straight-line method. Pharoah 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, e.g. 125.) Building Warehouse Revised annual depreciation 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 tities and enter 0 for the amounts.) Account Titdes and Explanation Debit Credit