At the beginning of 2022, Robotics Incorporated acquired a manufacturing facility for $12.6 million. $9.6 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 $1.6 million residual value. In 2024, the estimates of useful life and residual value were changed to 20 total years and $560,000, respectively. What is depreciation on the building for 2024?

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