Current Attempt in Progress Victor Mineli, the new controller of Carla Vista Co., has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. Here are his findings: Type of Useful Life (in years) ) Salvage Value Date Acquired Accumulated Depreciation, Jan 1, 2017 Asset Cost Old Proposed Old Proposed Building Jan. 1. 2009 $979,500 $183,300 40 48 $63.000 $37,100 Warehouse Jan. 1. 2012 151,500 29,290 25 20 5.050 4,600 All assets are depreciated by the straight-line method. Carla Vista Co 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 decimal places, eg. 125.) Building Warehouse Revised annual depreciation $ 15,192 $ 7440 e Textbook and Media Prepare the entry to record depreciation on the building in 2017. (Round answers to 0 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 Depreciation Expense Accumulated Depreciation-Buildings e Textbook and Media Save for Later Last saved 1 hour ago. Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes