Lindy Weink, the new controller of Blossom Company, has reviewed the expected useful lives and residual values of selected depreciable assets at December $31.2024.[$Depreciation for $2024$ has not been recorded yet.$)$ Her findings are as follows:

Total Useful Life in Years

Residual Value

Type of Asset

Date Acquired

Cost

Current

Proposed

Current

$30$

$$39,600$

Proposed

$560110$

Building

Equipment

Jan. $1,2009$

Jan. $1.2022$

$$800,300$

$20$

$4$

$4\mathrm{.}650$

$4\mathrm{.}000$

$125,270$

After discussion, management agrees to accept Lindy's proposed changes. All assets are depreciated by the straight$-$line