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Tristen Company purchased a five - story office building on January 1 , 2 0 2 2 , at a cost of $ 5 ,
Tristen Company purchased a fivestory office building on January at a cost of $ The building has a residual value
of $ and a year life. The straightline depreciation method is used. On June construction of a sixth floor was
completed at a cost of $
Required:
Calculate the depreciation on the building and building addition for and assuming that the addition did not change the life
or residual value of the building. Hint: Calculate depreciation for the building and addition separately. Assume the addition has no
residual value and an estimated life equal to the remaining useful life of the building.
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