Tristen Company purchased a five-story office building on January 1, 2019, at a cost of $6,400,000. The building has a residual value of $475,000 and a 30-year life. The straight-line depreciation...

Tristen Company purchased a five-story office building on January 1, 2019, at a cost of $6,400,000. The building has a residual value of $475,000 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 $1,980,000.


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.