Business, 26.03.2021 01:00 emmadownum
Tristen Company purchased a five-story office building on January 1, 2019, at a cost of $8,800,000. The building has a residual value of $277,000 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 $2,420,000. 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 $8,800,000....
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