Business, 09.12.2021 04:00 ashbromail

At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $14.0 million. $11.0 million of the purchase price was allocated to the building. Depreciation for 2019 and 2020 was calculated using the straight-line method, a 20-year useful life, and a $3.0 million residual value. In 2021, the estimates of useful life and residual value were changed to 15 total years and $700,000, respectively. What is depreciation on the building for 2021

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At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $14.0 million. $11.0 m...

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