* Your answer is incorrect. Victor Mineli, the new controller of Sheridan Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Type of Date Accumulated Depreciation, Useful Life (in years) Salvage Value Asset Acquired Cost Jan. 1, 2022 Old Proposed Old Proposed Building Jan. 1, 2014 $806,000 $149,200 40 48 $60,000 $36,800 Warehouse Jan. 1, 2017 150,500 28,820 25 20 6,400 4,080 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 2022. (Round answers to O decimal places, e.g. 5,275.) Revised annual depreciation $ Building Warehouse 12400 $ 2352