In 2016, Rocky LLC purchased land with a office building (fire gutted) in Philadelphia. Rocky intends to demolish the existing building and construct a state-of-the-art gym. The cost of the land and shell was $1,000,000. Closing costs on related to the purchase were $50,000. Costs to demolish the existing structure was $100,000. In 2018, Rocky completed the construction of the gym at a cost of $4,250,000. The gym was placed in service on June 27, 2018. Depreciation for the property is straight line 39 years. What is the depreciation expense for the year of acquisition?