Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. brief exercise 11-15 (algo) change in principle; c

Brief Exercise 11-15 (Algo) Change in principle; change in depreciation method [LO11-6] At the beginning...

90.2K

Verified Solution

Question

Accounting

image
Brief Exercise 11-15 (Algo) Change in principle; change in depreciation method [LO11-6] At the beginning of 2019, Robotics Inc. acquired a manufacturing facility for $12.6 million $9.6 million of the purchase price was allocated to the building. Depreciation for 2019 and 2020 was calculated using the straight-line method, a 25-year useful life, and a $16 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) Depreciation

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the similarities and differences between morals, ethics and the law? What do you do...

Finance
Q

The owner of a major league baseball team is considering moving his team from its current...

Advance Math
Q

short answers: Define what a social group is and give two examples of social groups. What are the...

Psychology
Q

A 4 3 m long simple pendulum oscillates with a period of 4 4 s...

Physics
Q

Identify the data set s level of measurement list of zip codes for Chicago O...

Statistics
Q

es TB TF Qu 08 191 S The term used to recogniz True or False

Algebra
Q

Company A had depreciation of $14,000 and CCA of $12,500. At the end of the...

Accounting
Q

Eric Co has a defined benefit pension plan that specifies annual rentirment benefits equal to:...

Accounting
Q

Cost of Goods Manufactured for a Manufacturing Company Two items are omitted from each of...

Accounting
Q

Los siguientes son saldos de cuentas seleccionados de Penske Company y Stanza Corporation al 31...

Accounting
Q

1. In November 2021, Olivo sold its PizzaPasta restaurant chain that qualified as a component...

Accounting
Q

Assume a company's budgeted unit sales and its required production in units for April are...

Accounting