Current Attempt in Progress Lindy Weink, the new controller of Ivanhoe Company, has reviewed the expected useful lives and residual values of selected depreciable assets at December 31, 2024. (Depreciation for 2024 has not been recorded yet.) Her findings are as follows: Total Useful Life in Years Residual Value Type of Asset Date Acquired Cost Current Proposed Current Proposed Building Equipment Jan. 1, 2009 Jan. 1, 2022 $800,500 20 30 $39,880 $60,100 125.210 5 4 4,510 3.500 After discussion, management agrees to accept Lindy's proposed changes. All assets are depreciated by the straight-line method. Ivanhoe Company has a December 31 year end. (b) Calculate the carrying amount of each asset as at January 1, 2024. Carrying amount Building $ Equipment $