Victor Mineli, the new controller of Wildhorse Co, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Useful life (in years) Date Accumulated Depreciation Jan. 1, 2022 $153.200 Type of Asset Acquired Cost Old Proposed Salvage Value Old Proposed $44,000 $41,800 Jan 1, 2014 $810,000 40 58 Building Warehouse Jan. 1. 2017 114,000 21.600 25 20 6,000 18,900 All assets are depreciated by the straight-line method, Wildhorse Co. uses a calendar year in preparing annual adjusting entries and financial statements. After discussion, management has agreed to accept Victor's proposed changes. (The "Proposed" useful life is total life, not remaining life.)