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Business, 24.10.2021 04:20 jeanieb

At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $13.6 million. $10.6 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 $2.6 million residual value. In 2018, the estimates of useful life and residual value were changed to 20 total years and $660,000, respectively. What is depreciation on the building for 2018? (Round answer to the nearest whole dollar.)

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At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $13.6 million. $10.6 m...
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