Question
At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $14.0 million. $11.0 million of the purchase price was allocated to the building.
At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $14.0 million. $11.0 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 $3.0 million residual value. In 2024, 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 2024?
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Islamic Banks Positioning Study Regulatory Specificities And Audit Particularities
Authors: Hassen BEN OUHIBA
1st Edition
6206279790, 978-6206279792
