At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $13.7 million. $10.7 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 $2.7 million residual value. Assume that 2022 depreciation was incorrectly recorded as $40,000. This error was discovered in 2024. Required: Record the journal entry needed in 2024 to correct the error. What is depreciation on the building for 2024, assuming no change in estimate of useful life or residual value