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 2022. Here are his findings: Useful Life (in years) Salvage Value Type of Asset Date Acquired Accumulated Depreciation Jan. 1.2022 Cost Old Proposed Old Proposed $922.000 Jan 1, 2014 $170,400 40 Building 58 $70,000 $35.400 Warehouse Jan 1, 2017 118,000 22.340 25 2.660 20 6.300 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 Victor's proposed changes. (The Proposed' useful life is totallife, not remaining life) Compute the revised annual depreciation on each asset in 2022. (Round answers to decimal places, es 125) Building Warehouse Revised annual depreciation 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 e Textbook and Media