At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of

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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 calculated 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?

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: May 30, 2017 08:44 AM

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At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of

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Calculation of annual depreciation after the estimate change 9000000 Cos...View the full answer

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