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At the beginning of 2022 , Robotics Incorporated acquired a manufacturing facility for $12.3 million. $9.3 million of the purchase price was allocated to the
At the beginning of 2022 , Robotics Incorporated acquired a manufacturing facility for $12.3 million. $9.3 million of the purchase price was allocated to the building. Depreciation for 2022 and 2023 was calculated using the straight-line method, a 20 -year useful life, and a $1.3 million residual value. In 2024 , the estimates of useful life and residual value were changed to 15 total respectively. What is depreciation on the building for 2024 ? Note: Enter your answer in whole dollars rounded to the nearest whole number
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