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Tristen Company purchased a five - story office building on January 1 , 2 0 2 2 , at a cost of $ 7 ,

Tristen Company purchased a five-story office building on January 1,2022, at a cost of $7,200,000. The building has a residual value of $300,000 and a 40-year life. The straight-line depreciation method is used. On June 30,2024, construction of a sixth floor was completed at a cost of $2,400,000.
Required:
Calculate the depreciation on the building and building addition for 2024 and 2025, 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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