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 2017. Here are his findings: Useful Life (in years) Accumulated Salvage Value Old Proposed 57,000 35.300 Type of Asset Date Acquired Cost Jan. 1,2017 Old Proposed Building Jan. 1. 2009 $734,500 $135.500 40 48 Warehouse Jan. 1, 2012 165,500 31.860 25 20 6,200 3.700 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 2017. (Round answers to O decimal places, eg. 125.) Building Revised annual depreciation eTextbook and Media List of Accounts Prepare the entry to record depreciation on the building in 2017. (Round answers to O 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 O for the amounts.) Account Titles and Explanation Debit Credit Activate Windows Go to Settings to activate Windows