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 $2025.$ Here are his findings:

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.$)$

Compute the revised annual depreciation on each asset in $2025.($Round answers to $0$ decimal places, e$.$g$.125.)$

Building

Warehouse

Revised annual depreciation $

eTextbook and Media

List of Accounts

Prepare the entry to record depreciation on the building in $2025.($List debit entry before credit entry. 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

eTextbook and Media

List of Accounts