show journal entry

BE 11-10 Change in estimate; useful life of equipment L011-5g At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. Depreciation for 2016 and 2017 was calclated using the straight-line method, a 25-year useful life, and a $1 million residual value. In 2018, the estimates of useful life and residual value were changed to 20 years and $500,000, respectively. What is depreciation on the building for 2018? BE 11-11 Change in principle; change in depreciation method Lo11-60 Refer to the situation described itn BE 11-10G. Assume that instead of changing the useful life and residual value, in 2018 the company switched to the double-declining-balance depreciation method. How should Robotics account for the change? What is depreciation on the building for 20182