Victor Mineli, the new controller of Santorini Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of $2025.$ Here are his findings:

$\backslash$table$[[\backslash$table$[[$Type of$],[$Asset$]],\backslash$table$[[$Date$],[$Acquired$]],$Cost,$\backslash$table$[[$Accumulated$],[$Depreclation$,],[$Jan$\mathrm{.}1,2025]],$Useful Life $($in years$),$Salvage Value$],[$Old$,$Proposed,Old,Proposed$],[$Building$,$Jan $1,2017,$$$700,000,$$$130,000,40,58,$$$50,000,$$$35,000$