Victor Minell, the new controller of Swifty Corporation, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings Date Type of Asset Building Warehouse Accumulated Depreciation Jan. 1, 2022 $ 154,400 21,860 Acquired Cost Jan 1, 2014 $808,000 Jan 1, 2017 114.000 Old Useful life (in years) Old Proposed 40 58 25 20 Salvage Value Proposed $36,000 $ 8,600 4,700 24,640 All assets are depreciated by the straight-line method. Swifty Corporation uses a calendar year in preparing annual adjusting entries and 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 2022. Building Warehouse Revised annual depreciation $ Compute the revised annual depreciation on each asset in 2022. Building Warehouse Revised annual depreciation $ e Textbook and Media List of Accounts Prepare the entry to record depreciation on the building in 2022. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31