Victor Mineli, the new controller of Sheffield Corp., has reviewed the expected useful lives and salvage values of selected depreciable

assets at the beginning of $2022.$ Here are his findings:

Vour answer is partially correct.

Prepare the entry to record depreciation on the building in $2022.($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.$)$

Date Account Titles and Explanation

Debit

Credit

Dec. $31$

Accumulated Depreciation$-$Buildings

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