Victor Mineli, the new controller of Oriole Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings:

Type of Asset		Date Acquired		Cost		Accumulated Depreciation, Jan. 1, 2022		Useful Life (in years)				Salvage Value
								Old		Proposed		Old		Proposed
Building		Jan. 1, 2014		$975,500		$183,700		40		58		$57,000		$35,300
Warehouse		Jan. 1, 2017		125,000		23,960		25		20		5,200		4,890

All assets are depreciated by the straight-line method. Oriole Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Victors proposed changes. (The Proposed useful life is total life, not remaining life.)

	Building	Warehouse
Revised Annual Depreciation	$	$