David Smith, the controller of Pharoah Office Supply Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of $2028.$ Here are his findings:

$\backslash$table$[[\backslash$table$[[$Type of$],[$Asset$]],\backslash$table$[[$Date$],[$Acquired$]],$Cost,$\backslash$table$[[$Accumulated$],[$Depreciation$,],[$Jan$.1,2028]],\backslash$table$[[$Useful Life$],[($in Years$)]],$Salvage$],[$Old$,$Proposed,Old$],[$Building$,$Jan. $1,2020,$$$2,650,000,$$$508,000,40,50,$$$110,000$