Question: Brief Exercise 1 1 - 1 5 ( Algo ) Change in principle; change in depreciation method [ L 0 1 1 - 6 ]

Brief Exercise 11-15(Algo) Change in principle; change in depreciation method [L011-6]
At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $12.4 million. $9.4 million of the purchase price was allocated to the building. Depreciation for 2022 and 2023 was calculated using the straight-line method, a 20-year useful life, and a $1.4 million, residual value. In 2024, the company switched to the double-declining-balance depreciation method.
What is depreciation on the building for 2024?
Note: Do not round intermediate calculations. Enter your answer in whole dollars rounded to the nearest whole number.
01:55:13
Depreciation $ 620,000x
 Brief Exercise 11-15(Algo) Change in principle; change in depreciation method [L011-6]

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