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A firm recently constructed a new facility at a cost of $ 1 0 million. Weighted - average accumulated expenditures for the facility were $

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A firm recently constructed a new facility at a cost of $10 million. Weighted-average accumulated expenditures for the facility were $4 million, actual interest was $400,000, and avoidable interest was $200,000. If the useful life of the facility is 40 years and the expected salvage value is $800,000, then what is the firm's depreciation expense for the first full year? (Assume the firm is using straight-line depreciation.)
$240,000
$335,000
$235,000
$255,000
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