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 2025. Here are his findings: Type of Asset Date Acquired Accumulated Depreciation, Useful Life (in years) Salvage Value Cost Jan. 1, 2025 Old Proposed Old Proposed Building Jan. 1, 2017 $985,000 $185,200 40 58 $59,000 $36,100 Warehouse Jan. 1, 2020 124,000 23,590 25 20 6,050 4,410 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.) (a) Your answer is incorrect. Compute the revised annual depreciation on each asset in 2025. (Round answers to O decimal places, e.g. 125.) Building Warehouse Revised annual depreciation $ $ eTextbook and Media List of Accounts Save for Later Attempts: 1 of 3 used Submit Answer