1. Business
  2. Accounting
  3. at the beginning of 2016 robotics inc acquired a manufacturing...

Question: at the beginning of 2016 robotics inc acquired a manufacturing...

Question details

At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12.6 million. $9.6 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 $1.6 million residual value. In 2018, the estimates of useful life and residual value were changed to 20 total years and $560,000 respectively What is depreciation on the building for 2018? (Round answer to the nearest whole dollar.) Depreciation

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution