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Brief Exercise 11-15 (Algo) Change in principle; change in depreciation method [LO11-6] At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $13.1
Brief Exercise 11-15 (Algo) Change in principle; change in depreciation method [LO11-6] At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $13.1 million. $10.1 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 $21 million residual value. In 2024, the company switched to the double-declining-balance depreciation method. What is depreciation on the building for 2024? Note: Do not round intermediate calculations. Enter your answer in whole dollars rounded to the nearest whole number. Depreciation Brief Exercise 11-15 (Algo) Change in principle; change in depreciation method [LO11-6] At the beginning of 2022. Robotics incorporated acquired a manufacturing facility for $131 million $101 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 $21 milion residual value. In 2024 , the company switched to the double-decining-balance depreciation method What is depreciation on the building for 2024 ? Note: Do not round intermediete colculations. Enter your answer in whole dollers rounded to the nesrest whole number
Brief Exercise 11-15 (Algo) Change in principle; change in depreciation method [LO11-6] At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $13.1 million. $10.1 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 $21 million residual value. In 2024, the company switched to the double-declining-balance depreciation method. What is depreciation on the building for 2024? Note: Do not round intermediate calculations. Enter your answer in whole dollars rounded to the nearest whole number. Depreciation
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