Question: Exercise 1 1 - 5 ( Algo ) Depreciation methods; asset addition; partial period [ L 0 1 1 - 2 , 1 1 -

Exercise 11-5(Algo) Depreciation methods; asset addition; partial period [L011-2,11-9]
Tristen Company purchased a five-story office building on January 1,2022, at a cost of $5,700,000. The building has a residual value of $250,000 and a 20-year life. The straight-line depreciation method is used. On June 30,2024, construction of a sixth floor was completed at a cost of $1,365,000.
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.)
\table[[Year,Depreciation],[Building,Addition],[2024,,],[2025,,]]
 Exercise 11-5(Algo) Depreciation methods; asset addition; partial period [L011-2,11-9] Tristen Company

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