Victor Mineli, the new controller of Sunland 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 Proposed Proposed Old Old Cost 58 $35,300 $135,500 $57,000 40 Jan. 1, 2014 Building $734,500 25 165,500 31,860 3,140 20 6,200 Warehouse Jan 1, 2017 All assets are depreciated by the straight-line method. Sunland 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.) Your answer is incorrect. Compute the revised annual depreciation on each asset in 2022. (Round answers to O decimal places, e s. 125.) Building Warehouse Revised annual depreciation Your answer is partially correct. Prepare the entry to record depreciation on the building in 2022. (Round answers to O decimal places, s. 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 o for the amounts.) Debit Credit Account Titles and Explanation Depreciation Expense Accumulated Depreciation-Buildings eTextbook and Media List of Accounts