Victor Mineli, the new controller of Wildhorse Co., has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings: Type of Useful Life (in years) Salvage Value Date Acquired Accumulated Depreciation, Jan. 1, 2017 Asset Cost Old Proposed Old Proposed Building Jan. 1, 2009 $ 985.000 $ 185,200 40 48 $59,000 $36,100 Warehouse Jan. 1, 2012 124.000 23,590 25 20 6,050 4,300 All assets are depreciated by the straight-line method. Wildhorse Co. 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 0 decimal places, e.g. 125.) Building Warehouse Revised annual depreciation $ 16360 $ 5980 e Textbook and Media List of Accounts 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 O for the amounts.) Account Titles and Explanation Debit Credit Depreciation Expense 130880 Accumulated Depreciation-Buildings 29900 e Textbook and Media List of Accounts