Current Actempt in Progress

Terry Wade, the new controller of Monty Company, has reviewed the expected usefullives and salvage values of selected depreciable assets at the beginning of $2022.$ Here are his findings:

$\backslash$table$[[$Type of Asset,$\backslash$table$[[$Date$],[$Acquired$]],$Cost,$\backslash$table$[[$Accumulated$],[$Depreciation$],[$Jan$.1,2022]],\backslash$table$[[$Useful life$],[($in Years$)]],$Salvage Value$],[$Old$,$Proposed,old,Proposed$],[$Building$,$Jan$1,2016,$$$812000,$$$115,800,40,50,$$$40,000,$$$36,200$