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John Geary, the controller of Crane Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2

John Geary, the controller of Crane Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings:
\table[[\table[[Type of],[Asset]],\table[[Date],[Acquired]],Cost,\table[[Accumulated],[Depreciation,],[Jan.1,2022]],\table[[Useful Life],[(in Years)]],Salvage Value],[Old,Proposed,Old,Proposed],[Building,Jan. 1,2014,$2,73a,00,$520,200,40,50,$134,000,$93,000
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