Terry Wade, the new controller of Bramble Company, has reviewed the expected usefullives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Date Accumulated Depreciation Useful life (in Years) Salvage Value Type of Asset Acquired Cost Jan. 1, 2022 Old Proposed Old Proposed Building Jan. 1, 2016 $824,000 $117,600 40 50 $40,000 $64,000 Warehouse Jan. 1, 2017 107,000 20,540 25 20 4,300 12,960 All assets are depreciated by the straight-line method. Bramble Company uses a calendar year in preparing annual adjusting entries and financial statements. After discussion, management has agreed to accept Terrys proposed changes. (The Proposed useful life is total life, not remaining life.)

Compute the revised annual depreciation on each asset in 2022.