Victor Minell, the new controller of Crane Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings: Type of Asset Date Acquired Jan. 1.2009 Jan. 1. 2012 Accumulated Depreciation, Jan. 1, 2017 $134,400 23,290 Cost $737,000 121,000 Building Warehouse Useful Life (in years) Old Proposed 40 48 25 20 Salvage Value Old Proposed $65,000 $36.700 4,550 5,100 All assets are depreciated by the straight-line method. Crane 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 totallife. not remaining life) Compute the revised annual depreciation on each asset in 2017. (Round answers to O decimal places, eg. 125.) Building Warehouse Revised annual depreciation e Textbook and Media List of Accounts Prepare the entry to record depreciation on the building in 2017. (Round answers to 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 Ofor the amounts.) Account Titles and Explanation Debit Credit