George Geary, the controller of Oriole Company, has reviewed the expected useful lives and salvage values of selected deprecial assets at the beginning of 2022. Here are his findings: Useful Life (in Years) Salvage Value Accumulated Type of Asset Date Acquired Depreciation, Old Proposed Old Proposed Cost Jan. 1, 2022 Building Warehouse Jan. 1, 2014 $2,727,000 $519,000 40 50 $132,000 $87,000 Jan. 1, 2017 243,000 70,000 25 20 31,000 5,000 All assets are depreciated by the straight-line method. Oriole Company uses a calendar year in preparing annual financial statemen After discussion, management has agreed to accept George's proposed changes. (The "Proposed" useful life is total life, not remainin life.)