Frank White the new controller of Youngman Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2015. His findings are as follows.

Useful Life

(in Years)Salvage ValueType of

AssetDate

AcquiredCostAccumulated

Depreciation,

1/1/15OldProposedOldProposedBuilding

1/1/09$1,600,000

$228,000

4050$80,000$52,000Warehouse

1/1/10207,000

40,000

25207,0005,000

All assets are depreciated by the straight-line method. Youngman Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Frank's proposed changes.