Victor Mineli, the new controller of Cu l lumber Company, has reviewed the expected useful lives and salvage values of selected depreciahle assets at the beginning of 2022. Here are his ndings: Accumulated Useful Life {in Type of Date Depreciation. years) Salvage Value Asset Acquired Cost Jan. 1. 2022 Old Proposed Old Proposed Building Jan. 1, 2014 $946500 $120200 40 53 $60,500 $35,100 Warehouse Jan. 1, 2017 130.000 24.710 25 20 6,450 4,?00 All assets are depreciated by the straight-line method. Cullumber Company uses a calendar year in preparing annual nancial statements. After discussion, management has agreed to accept Victor's proposed changes. [The \" Proposed" useful life is total life, not remaining life.)