At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $13.5 million. $10.5 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 $2.5 million residual value. Assume that 2019 depreciation was incorrectly recorded as $32,000. This error was discovered in 2021.

Required 1. Record the journal entry needed in 2021 to correct the error. 2. What is depreciation on the building for 2021 assuming no change in estimate of useful life or residual value?