Question $3$ of $8$

$\frac{0}{1}$

Your answer is incorrect.

Victor Mineli, the new controller of Ivanhoe Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of $2027.$ Here are his findings:

$\backslash$table$[[\backslash$table$[[$Type of$],[$Asset$]],\backslash$table$[[$Date$],[$Acquired$]],$Cost,$\backslash$table$[[$Accumulated$],[$Depreciation$,],[$Jan$.1,2027]],\backslash$table$[[$Useful Life $($in$],[$years$)]],$Salvage Value$],[$Old$,$Proposed,Old,Proposed$],[$Building$,$Jan. $1,2019,$$$990,000,$$$187,200,40,48,$$$54,000,$$$37,800$