Steps for Question $8$ of $11$

$\frac{0}{10}$

Terry Wade, the new controller of Concord Company, has reviewed the expected usefullives and salvage values of selected depreciable assets at the beginning of $2022.$ Here are his findings:

$\backslash$table$[[$Type of Asset,$\backslash$table$[[$Date$],[$Acquired$]],$Cost,$\backslash$table$[[$Accumulated$],[$Depreciation$],[$Jan$.1,2022]],\backslash$table$[[$Useful life$],[($in Years$)]],$Salvage Value$],[$Old$,$Proposed,Old,Proposed$],[$Building$,$Jan. $1,2016,$$$829,000,$$$117,750,40,50,$$$44,000,$$$77,650$