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All assets are depreciated by the straight-line method. Sunland 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 2017. (Round answers to decimal places, eg. 125.) Building Warehouse Revised annual depreciation $ 14093 $ 133640 e Textbook and Media Prepare the entry to record depreciation on the building in 2017. (Round answers to decimal places, eg, 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 e Textbook and Media 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 2017. Here are his findings: Type of Useful Life (in years) Date Acquired Accumulated Depreciation, Jan. 1. 2017 Asset Cost Old Proposed Salvage Value Old Proposed $57,000 $35,300 6.200 3.700 Jan. 1.2009 40 48 Building Warehouse $734,500 165,500 $135,500 31.860 Jan. 1.2012 25 20 All assets are depreciated by the straight-line method. Sunland 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.no remaining life.) Compute the revised annual depreciation on each asset in 2017. (Round answers to decimal places, es. 125.) Building Warehouse Revised annual depreciation $ 14093 $ 1336-00

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