BrambleFurniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $ 10,000,000 on January 1, 2020. Bramble expected to complete the building by December 31, 2020. Bramble has the following debt obligations outstanding during the construction period.

Construction loan- 12% interest, payable semiannually, issued December 31, 2019		$ 4,000,000
Short-term loan- 10% interest, payable monthly, and principal payable at maturity on May 30, 2021		3,000,000
Long-term loan- 11% interest, payable on January 1 of each year. Principal payable on January 1, 2024		2,000,000

Assume that Bramble completed the office and warehouse building on December 31, 2020, as planned at a total cost of $ 10,400,000, and the weighted-average amount of accumulated expenditures was $ 7,200,000.

1) Compute the depreciation expense for the year ended December 31, 2021. Bramble elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $ 600,000. (Round answer to 0 decimal places, e.g. 5,275.)

Depreciation Expense

*Avoidable interest is 812800*