Fontane Corporation constructed a building at a cost of $20,000,000. Actual interest was $1,200,000, and avoidable interest was $600,000. If the salvage value is $1,600,000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is:

		$475,000.
		$490,000.
		$515,000.
		$675,000.