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19-12-2022
Business

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at the beginning of 2022, robotics incorporated acquired a manufacturing facility for $12.7 million. $9.7 million of the purchase price was allocated to the building. depreciation for 2022 and 2023 was calculated using the straight-line method, a 25-year useful life, and a $1.7 million residual value. in 2024, the estimates of useful life and residual value were changed to 20 total years and $570,000, respectively.

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