Business, 07.11.2019 01:31 chloeconlon2014

Tristen company purchased a five-story office building on january 1, 2019, at a cost of $5,000,000. the building has a residual value of $200,000 and a 30-year life. the straight-line depreciation method is used. on june 30, 2021, construction of a sixth floor was completed at a cost of $1,650,000. required: calculate the depreciation on the building and building addition for 2021 and 2022 assuming that the addition did not change the life or residual value of the building.

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Tristen company purchased a five-story office building on january 1, 2019, at a cost of $5,000,000....