Question: Please help answer this question Exercise 907 Victor Mineli, the new controller of Sunland Company, has reviewed the expected useful lives and salvage values of
Please help answer this question

Exercise 907 Victor Mineli, the new controller of Sunland Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his ndings: Accumulated \"sea\" Life (in Type of Date Depreciation, LE) M Asset Acquired Cost Jan. 1, 2022 Old Promd Old Proposed Building Jan. 1, 2014 $734,500 $135,500 40 58 $57,000 $35,300 Warehouse Jan. 1, 2017 165,500 31,860 25 20 5,200 3,140 All assets are depreciated by the straight-line method. Sunland Company uses a calendar year in preparing annual nancial 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 0 decimal places, 9.9. 125.) Building Warehouse Revised annual depreciation $ $ snow LIST or ACCOUNTS LINK To TEXT LINK To VIDEO Prepare the entry to record depreciation on the building in 2022. (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 0 for the amounts.) Amount Titles and Explanation Debit Credit Depreciation Expense Accumulated Depreciation-Buildings Click if you would like to Show Work for this question: Qpen Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO
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