In 1993, Sheffield Company completed the construction of a building at a cost of $4,680,000 and first occupied it in January 1994. It was estimated that the building will have a useful life of 40 years and a salvage value of $210,200 at the end of that time. Early in 2002, an addition to the building was constructed at a cost of $1,755,000. At that time, it was estimated that the remaining life of the building would be, as originally estimated, an additional 32 years, and that the addition would have a life of 32 years and a salvage value of $23,800. In 2022, it is determined that the probable life of the building and addition will extend to the end of 2043 or 10 years beyond the original estimate. (a) Using the straight-line method, compute the annual depreciation that would have been charged from 1994 through 2001. Annual depreciation from 1994 through 2001 $enter the annual depreciation from 1994 through 2001 in dollars per year / yr.