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20 November, 00:05

At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.1 million. $9.1 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 a $1.1 million residual value. In 2021, the estimates of useful life and residual value were changed to 15 total years and $510,000, respectively. What is depreciation on the building for 2021?

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  1. 20 November, 00:49
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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.
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