Question
9. At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $13.9 million. $10.9 million of the purchase price was allocated to the
9. At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $13.9 million. $10.9 million of the purchase price was allocated to the building. Depreciation for 2022 and 2023 was calculated using the straight-line method, a 25-year useful life, and a $2.9 million residual value. In 2024, the company switched to the double-declining-balance depreciation method.
What is depreciation on the building for 2024?
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The Auditors Guide Of 1869 A Review And Computer Enhancement Of Recently Discovered Old Microfilm Of Americas First Book On Auditing By H J Mettenheimer
Authors: Peter L. McMickle, Paul H. Jensen
1st Edition
0367534622, 978-0367534622
