At the beginning of 2011, Robotics Inc. acquired a manufacturing facility for $12 million. $9...
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At the beginning of 2011, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. Depreciation for 2011 and 2012 was calculated using the straight-line method, a 25-year useful life, and a $1 million residual value. In 2013 the company switched to the double-declining-balance depreciation method.
What is the depreciation on the building for 2013?
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