Huffman Corporation constructed a building at a cost of $40,000,000. Weighted-average accumulated expenditures were $12,000,000, actual interest was $1,200,000, and avoidable interest was $600,000. If the salvage value is $2,400,000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is Question 3 options:

$955,000.

$1,015,000.

$1,000,000.

$940,000.