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Brief Exercise 11-15 (Algo) Change in principle; change in depreciation method [LO11-6] At the beginning of 2019 , Robotics Inc. acquired a manufacturing facility for
Brief Exercise 11-15 (Algo) Change in principle; change in depreciation method [LO11-6] At the beginning of 2019 , Robotics Inc. acquired a manufacturing facility for $13.4 million. $10.4 million of the purchase price was allocated to the building. Depreciation for 2019 and 2020 was calculated using the straight-line method, a 25-year useful life, and a $2.4 million residual value. In 2021 , the company switched to the double-declining-balance depreciation method. What is depreciation on the building for 2021? (Do not round intermediate calculations. Round answer to the nearest whole dollar.)
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