Type of Asset {:[" Date "],[" Acquired "]:} Cost {:[{:[" Accumulated "],[" Depreciation "]:}],[" Jan. 1, "2022]:} {:[" Useful life "],[" (in Years) "]:} Salvage Value Old Proposed Old Proposed Building Jan. 1,2016 $811,000 $114,900 40 50 $45,000 $49,300 Warehouse Jan. 1, 2017 118,000 22,720 25 20 4,400 35,280 All assets are depreciated by the straight-line method. Bridgeport Company uses a calendar year in preparing annual adjusting entries and financial statements. After discussion, management has agreed to accept Terry's proposed changes. (The "Proposed" useful life is total life, not remaining life.) (a) E Your answer is incorrect