Kuphal Incorporated acquired 45% of Hoppe Ltd for $14,000,000 on January 1,2023 . The total fair value of Hoppe's identifiable net assets was $28,500,000 on that date, and the total book value of those net assets was $22,000,000. The difference between fair value and book value is attributed to a warehouse that has a remaining useful life of 8 years. During 2023 , Hoppe recognized net income of $4,000,000 and paid dividends of $1,600,000. Hoppe had a fair value of $37,000,000 as of December 31,2023 . Prepare the journal entry to record the depreciation adjustment Kuphal will make in 2023 related to its investment in Hoppe? [5 points] No Journal Entry Required