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At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12 million $9...

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Accounting

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At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12 million $9 million of the purchase price was allocated to the building. Depreciation for 2019 and 2020 was calculated using the straight line method, a 25-year useful life, and a $1 million residual value in 2021, the estimates of useful life and residual value were changed to 20 total years and $500,000, respectively. What is depreciation on the building for 2021? (Round answer to the nearest whole dollar.) Depreciation 5 393,000 $

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