a. Based on the information given the revised depreciation is:
Building $1,250
Warehouse $5,993
b. Debit Depreciation expense $13,375
Credit Accumulated depreciation-Building $13,375
a. Victor Mineli Revised depreciation
Revised depreciation for Building
Building= ($700,000-$129,900-$35,100)/40
Building= $535,000/40
Building=$13,375
Revised depreciation for Warehouse
Warehouse=($115,000-$22,100-$3,000)/15
Warehouse =$89,900/15
Warehouse=$5,993
b. Journal entry
Debit Depreciation expense $13,375
Credit Accumulated depreciation-Building $13,375
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