Paul McCartney, the new controller of Swifty Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of $2022.$ His findings are as follows.

$\backslash$table$[[$Type of Asset,Date Acquired,Cost,$\backslash$table$[[$Accumulated$],[$Depr$.1/1/22]],$Useful life $($yrs$.),$Salvage Value$],[$Old$,$Proposed,Old,Proposed$],[$Building$,\frac{1}{1}\frac{?}{16},$$$1,212,000,$$$172,350,40,50,$$$63,000,$$$107,994$