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Update: 415500 is not the correct answer At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12.5 million. $9.5 million of the

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Update: 415500 is not the correct answer

At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12.5 million. $9.5 million of the purchase price was allocated to the building. Depreciation for 2016 and 2017 was calculated using the straight-line method, a 25-year useful life, and a $1.5 million residual value. In 2018, the estimates of useful life and residual value were changed to 20 total years and $550,000, respectively. What is depreciation on the building for 2018? (Round answer to the nearest whole dollar.) Depreciation

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