Elther Ore Corp is a mining company operating copper and nickel mines in northern Minnesota. It recently purchased a new plece of equipment costing $$1,500,000$ which will be used to load rall cars with ore. The machine is expected to have a useful life of $15$ years or $11,000,000$ tons of materlal loaded, and has a residual value of $$300,000.$ It loads $1,100,000$ tons of materlal in its first year.

What amount of depreciation expense will Either Ore Corp record in year $1$ if it uses the straight$-$line method?