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At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12.1 million. $9.1 million of the purchase price was allocated to the building.
At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12.1 million. $9.1 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 $1.1 million residual value. In 2018, the company switched to the double-declining-balance depreciation method.
What is depreciation on the building for 2018? (Do not round intermediate calculations. Round answer to the nearest whole dollar.)
What is depreciation on the building for 2018? (Do not round intermediate calculations. Round answer to the nearest whole dollar.)
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