Business, 06.05.2020 03:38 any80

At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $13.0 million. $10.0 million of the purchase price was allocated to the building. Depreciation for 2019 and 2020 was calculated using the straight-line method, a 20-year useful life, and a $2.0 million residual value. Assume that 2019 depreciation was incorrectly recorded as $40,000. This error was discovered in 2021. What is depreciation on the building for 2021?

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At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $13.0 million. $10.0 m...

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