At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $14.0 million. $11.0 million...
At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $14.0 million. $11.0 million of the purchase price was allocated to the building. Depreciation for 2014 and 2015 was calculated using the straight-line method, a 20-year useful life, and a $3.0 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.) Depreciation .130,000
At the beginning of 2016, Robotics Inc. acquired a manufacturing
facility for $14.0 million. $11.0 million of the purchase price was
allocated to the building. Depreciation for 2016 and 2017 was
calculated using the straight-line method, a 20-year useful life,
and a $3.0 million residual value. In 2018, the estimates of useful
life and residual value were changed to 15 total years and
$700,000, respectively.
What is depreciation on the building for 2018? (Round
answer to the nearest whole dollar.)...
At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12.2 million. $9.2 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 $1.2 million residual value. In 2016, the estimates of useful life and residual value were changed to 20 years and $520,000, respectively. What is depreciation on the building for 2016? (Enter your answer in whole dollars.) Depreciation
At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12.1 million. $9.1 million of the purchase price was allocated to the building. Depreciation for 2014 and 2015 was calculated using the straight-line method, a 20-year useful life, and a $1.1 million residual value. In 2016, the estimates of useful life and residual value were changed to 15 years and $510,000, respectively. What is depreciation on the building for 2016? (Enter your answer in whole dollars.)
At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12.7 million. $9.7 mllion 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 $1.7 million residual value. Assume that 2014 depreciation What is depreciation on the building for 2016? (Enter your answer in whole dollars.) Depreciation
At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $13.2 million. $10.2 million of the purchase price was allocated to the building. Depreciation for 2016 and 2017 was calculated using the straight line method, a 25 year useful life, and a $2.2 million residual value. In 2018, the company switched to the double-declining-balance depreciation method. What is the depreciation on the building for 2018?
At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12 million. $9 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 $1 million residual value. In 2016, the estimates of useful life and residual value were changed to 20 years and $500,000, respectively. What is depreciation on the building for 2016?
At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $13.8 million. $10.8 million of the purchase price was allocated to the building. Depreciation for 2019 and 2020 was calculated using the straight-line method, a 20-year useful life, and a $2.8 million residual value. In 2021, the company switched to the double-declining-balance depreciation method. What is depreciation on the building for 2021? (Do not round intermediate calculations. Round answer to the nearest whole dollar.)
At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. Depreciation for 2016 and 2017 was calculated using the straight-line method, a 25-year useful life, and a $1 million residual value. Assume that 2016 depreciation was incorrectly recorded as $32,000. This error was discovered in 2018. How should Robotics account for the error? What is depreciation on the building for 2018 assuming no change in...
2. At the beginning of 2016, Robotics Inc. acquired a manufacturing facility for $12.6 million. $9.6 million of the purchase price was allocated to the building. Depreciation for 2016 and 2017 was calculated using the straight-line method, a 25-year useful life, and a $1.6 million residual value. In 2018, the estimates of useful life and residual value were changed to 20 total years and $560,000, respectively. What is the depreciation on the building for 2018? (Round answer to the nearest...