Question: At the beginning of 2009 Robotics Inc acquired a manufacturing

At the beginning of 2009, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. Depreciation for 2009 and 2010 was calculated using the straight-line method, a 25-year useful life, and a $1 million residual value. In 2011, the estimates of useful life and residual value were changed to 20 years and $500,000, respectively. What is depreciation on the building for 2011?

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  • CreatedJuly 02, 2013
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