Exercise 9-8 (Part Level Submission) Terry Wade, the new controller of Hellickson Company, has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2017. His findings are as follows. Accumulated Useful life Depreciation in Years Salvage Value Date Type of Asset Acquired Cost 1/1/17 old Proposed old Proposesd Building 1/1/11 $800,000 $114,000 40 19,000 25 50 $40,000 $26,000 20 5,000 6,000 Warehouse 1/1/12 100,000 All assets are depreciated by the straight-line method. Hellickson Company uses a calendar year in preparing annual financial statements. After discussion, management has agreed to accept Terry's proposed changes