Question: Brief Exercise 11-11 Change In principle; change in depreciation method [LO11-6] At the beginning of 2016. Robotics Inc. acquired a manufacturing facility for $12.7 million.
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Brief Exercise 11-11 Change In principle; change in depreciation method [LO11-6] At the beginning of 2016. Robotics Inc. acquired a manufacturing facility for $12.7 million. $9.7 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 $1.7 million residual value. In 2018, the company switched to the double-declining-balance depreciation method. What is depreciation on the building for 2018? (Do not round Intermediate calculations. Round answer to the nearest whole dollar.) Depreciation
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