At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $14.0 million. $11.0 million of the purchase price was allocated to the building. Depreciation for 2016 and 2017 was calculated using the straight-line method, a 20-year useful life, and a $3.0 million residual value. In 2018, 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 2018? (Round answer to the nearest whole dollar.)

At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $14.0 million. $11.0 million of the purchase price was allocated to the building. Depreciation for 2016 and 2017 was calculated using the straight-line method, a 20-year useful life, and a $3.0 million residual value. In 2018, 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 2018? (Round answer to the nearest whole dollar.) Depreciation