Victor Minell, the new controller of Sheridan Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings Accumulated Depreciation, Useful Life (in year) Salvage Value Type of Date Asset Acquired Cost Jan. 1, 2017.0M-proposea__c1a_Proposed Jan. 1, 2009 Building 922,000 $170,400 40 48 $70,000 $35,400 Study Warehouse 2012 118,000 22,340 25 20 6.300 3,000 All assets are depreciated by the straight-line method. Sheridan Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Victor's proposed changes. (The ProposedT useful life is total ife, not remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to 0 decimal places, e.g. 125.) Revised annual depreciation Prepare the entry to record depreciation on the building in 2017. (Round answers to 0 decimal places, o.g. 125. Credit account titles are automatically Building Ware indented when amount is entered. Do not indent manually If no entry is required, select "No Entry for the account tities and enter O for the an. 1, Warehouse 2012 22,340 25 118,000 20 6,300 3,000 All assets are depreciated by the straight-line method. Sheridan 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, e.g. 125) BuildingWarehouse Revised annual depreciation Prepare the entry to record depreciation on the building in 2017. (Round answers to O 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 Click if you would like to Show Work for this question: Open Show Work