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Brief Exercise 11-16 (Algo) Error correction [LO11-7] At the beginning of 2022 , Robotics Incorporated...

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Brief Exercise 11-16 (Algo) Error correction [LO11-7] At the beginning of 2022 , Robotics Incorporated acquired a manufacturing facility for $13.2 million. $10.2 million of the purchase price was allocated to the building. Depreclation for 2022 and 2023 was calculated using the straight-line method, a 25 -year useful Iffe, and a $2.2 million residual value. Assume that 2022 depreciation was incorrectly recorded as $32,000. This error was discovered in 2024. Required: 1. Record the journal entry needed in 2024 to correct the error. 2. What is depreciation on the buliding for 2024 , assuming no change in estimate of useful life or residual value? Complete this question by entering your answers in the tabs below. What is depreciation on the building for 2024 , assuming no change in estimate of useful life ar residual value? Note: Enter your answers in whole dollars, and not in millions

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