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Property, Plant, and Equipment, Utilization and Disposal Assignm... At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $13.7 million. $10.7 million of

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Property, Plant, and Equipment, Utilization and Disposal Assignm... At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $13.7 million. $10.7 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 $2.7 million residual value. In 2024 , the estimates of useful life and residual value were changed to 15 total years and $670,000, respectively. What is depreciation on the building for 2024 ? Note: Enter your answer in whole dollars rounded to the nearest whole number

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