Mark Geary, the controller of Cullumber Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Useful Life (in Years) Salvage Value Accumulated Type of Asset Date Acquired Cost Depreciation, Jan. 1, 2022 Old Proposed Old Proposed Building Jan. 1, 2014 $2,709,000 $519,600 40 50 $149,000 $81,000 Warehouse Jan. 1, 2017 255,000 55,000 25 20 39,000 11,000 All assets are depreciated by the straight-line method. Cullumber Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Mark's proposed changes. (The "Proposed" useful life is total life, not remaining life.)