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Business, 14.04.2020 21:44 cat123ha

Tristen Company purchased a five-story office building on January 1, 2019, at a cost of $9,400,000. The building has a residual value of $505,000 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 $2,200,000.

Calculate the depreciation on the building and building addition for 2016 and 2017 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 $9,400,000....

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