At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.1 million. $9.1 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 $1.1 million residual value. In 2021, the estimates of useful life and residual value were changed to 15 total years and $510,000, respectively. What is depreciation on the building for 2021?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.1 million. $9.1 million of the purchase price was ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Dewey, cheatum, and howe is a car company that makes four models, a hybrid sport utility, a sports car, a four-door sedan, and a compact car.
Answers (1)
Recent corporate scandals that have shaken the public's faith in business leadership have brought increased attention to what area of leadership?
Answers (1)
Chevron Corporation is one of the largest integrated oil companies in the world. Its management is assessing the world marketplace and taking steps to sustain the company's competitive position.
Answers (1)
How much would $100, growing at 5% per year, be worth after 75 years? $3,689.11 $3,883.27 $4,077.43 $4,281.30 $4,495.37
Answers (1)
During the 1990s, the inflation and unemployment trends in the United States change. What was the unusual in the 1990s
Answers (1)
New Questions in Business
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units) : Sales $ 24,800 Variable expenses 13,600 Contribution margin 11,200 Fixed
Answers (1)
In the two-period dynamic monopoly, if the monopolist succeeds in selling a sufficiently high quantity in the first period, A) the second-period demand curve will become horizontal. B) the second-period demand curve will become unit elastic.
Answers (1)
Raul came to the United States from Mexico three months ago and he is still having trouble understanding Americans' tendency to rush all the time. He is also surprised when his teachers are irritated if he joins class a while after class has started.
Answers (1)
Suppose you deposit $1 comma 2001,200 cash into your checking account. By how much will the total money supply increase as a result when the required reserve ratio is 0.
Answers (1)
What type of saving account is a Christmas Club account
Answers (1)