At the beginning of 2011 robotics inc acquired a

Reference no: EM13593230

At the beginning of 2011, Robotics Inc. acquired a manufacturing facility for $12.7 million. $9.7 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 $1.7 million residual value. In 2013, the estimates of useful life and residual value were changed to 20 years and $570,000, respectively.What is depreciation on the building for 2013?

Reference no: EM13593230

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