Question: Help... ASAP Brief Exercise 11-16 (Algo) Error correction [LO11-7) At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.4 million $9.4 million

Help... ASAP  Help... ASAP Brief Exercise 11-16 (Algo) Error correction [LO11-7) At the
beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.4 million

Brief Exercise 11-16 (Algo) Error correction [LO11-7) At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.4 million $9.4 million of the purchase price was allocated to the building. Depreciation for 2019 and 2020 was calculated using the straight-line method, a 20-year useful life, and $1.4 million residual value. Assume that 2019 depreciation was incorrectly recorded as $40.000. This error was discovered in 2021 Required 1. Record the journal entry needed in 2021 to correct the error. 2. What is depreciation on the building for 2021 assuming no change in estimate of useful life or residual value? * Answer is not complete. Complete this question by entering your answers in the tabs below. General Journal Depr Record the journal entry needed in 2021 to correct the error (If no entry is required for a transaction/event, select "No Journal entry required" in the first account field. Enter your answer in whole dollars.) Debit Credit No Event General Journal Retained earnings Accumulated depreciation 9,400,000 40,000 Depr > Check my work mode? This shows what is correct of incorrect the work you ST Brief Exercise 11-16 (Algo) Error correction (LO11-7) At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.4 million $9.4 million of the purchase price was allocated to the building Depreciation for 2019 and 2020 was calculated using the straight-line method, a 20-year useful life and $1,4 million residual value. Assume that 2019 depreciation was incorrectly recorded as $40,000. This error was discovered in 2021 Required 1. Record the journal entry needed in 2021 to correct the error 2. What is depreciation on the building for 2021 assuming no change in estimate of useful life or residual value Answer is not complete. Complete this question by entering your answers in the tabs below. General Journal Depr What is depreciation on the building for 2021 assuming no change in estimate of useful for residual Valenter you answer in whole dollars.) Depreciation General Journal

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