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At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.6 million. $9.6 million of the purchas
Posted: Fri Jul 01, 2022 8:21 am
by answerhappygod
- At The Beginning Of 2019 Robotics Inc Acquired A Manufacturing Facility For 12 6 Million 9 6 Million Of The Purchas 1 (23.46 KiB) Viewed 55 times
At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.6 million. $9.6 million of the purchase price was allocated to the building. Depreciation for 2019 and 2020 was calculated using the straight-line method, a 25-year useful life, and a $1.6 million residual value. In 2021, the estimates of useful life and residual value were changed to 20 total years and $560,000, respectively. What is depreciation on the building for 2021? (Round answer to the nearest whole dollar.) Depreciation