Question
Brief Exercise 11-15 (Static) 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 (Static) Change in principle; change in depreciation method [LO11-6] At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12 million. $9 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 $1 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.) Answer is complete but not entirely correct. Depreciation S 447 778
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