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What is depreciation on the building

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Problem

At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $13.5 million. $10.5 million of the purchase price was allocated to the building. Depreciation for 2014 and 2015 was calculated using the straight-line method, a 25-year useful life, and a $2.5 million residual value. In 2016 the company switched to the double-declining-balance depreciation method. What is depreciation on the building for 2016? (Do not round intermediate calculations. Enter your answer in whole dollars.)

Reference no: EM131783844

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