Victor Mineli, the new controller of Sheridan 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		Date				Accumulated Depreciation,		Useful Life (in years)				Salvage Value
Asset		Acquired		Cost		Jan. 1, 2017		Old		Proposed		Old		Proposed
Building		Jan. 1, 2009		$806,000		$149,200		40		48		$60,000		$36,800
Warehouse		Jan. 1, 2012		150,500		28,820		25		20		6,400		4,200

All assets are depreciated by the straight-line method. Sheridan Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Victors 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		$enter a dollar amount rounded to 0 decimal places		$enter a dollar amount rounded to 0 decimal places

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
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a credit amount