Victor Minell, the new controller of Pharoah 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 Building Warehouse Date Acquired Jan 1, 2009 Jan 1, 2012 Cost $728,500 161,500 Accumulated Depreciation Jan 1, 2017 $134 200 31.200 Useful Life (in years) Old Proposed 40 48 25 20 Salvage Value Old Proposed $57,500 $36,100 5,500 5.100 All assets are depreciated by the straight-line method. Pharoah Compary 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.) * Your answer is incorrect Compute the revised annual depreciation on each asset in 2017. (Round answers to decimal places, s. 125.) Building Warehouse Revised annual depreciation $