At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $13.3 million. $10.3 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 $2.3 million residual value. In 2018, the company switched to the double-declining-balance depreciation method.

Answer rating: 100% (QA)

Building Original cost 103 million residual value 23 million useful life 25year Annual depn 103 mil... View the full answer