Victor Mineli, the new controller of Santorini Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Useful Life (in years) Salvage Value Type of Asset Date Acquired Old Proposed Old Proposed Cost Accumulated Depreciation, Jan 1, 2022 $ 130,000 23,000 58 $35.000 $ 50,000 40 Building $ 700.000 Jan 1, 2014 Jan. 1. 2017 25 20 5.000 3,595 Warehouse 120,000 All assets are depreciated by the straight-line method. Santorini 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 totalle, not remaining lite.) Prepare the entry to record depreciation on the building in 2022. (Round answers to decimal places, eg. 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 for the amounts.) Account Titles and Explanation Debit Credit