Carla Vista Inc., reported the following information about two of its machines as at December 31,2023. The new controller of the company, Wendy Weink, is proposing new estimates for the useful life and residual value of these machines for 2024. Machine Date Acquired Cost Useful Life (in years) Residual Value Original Proposed Original Proposed #1 Jan. 1, 2015 $778,200 20 25 $36,540 $60,165 #2 Jan. 1, 2023 118,840 5 4 $5,310 $3,797