Brief Exercise 11-14 (Algo) Change in estimate; useful life of equipment [LO11-5] At the beginning of 2022. Robotics incorporated acquired a manufacturing facility for $13.5mili ion. $10.5million of the purchase price was allocated to the bullding. Depreciation for 2022 and 2023 was calculated using the straight-line method, a 25 -year useful ilfe, arid a $2.5 milion residual value. In 2024 , the estimates of useful life and residual value were changed to 20 totalyears and $550,000, respectively. What is depreciation on the buliding for 2024 ? Note: Enter your answer in whole dollars rounded to the nearest whole number