In 2017, Barden Building Company constructed a specialized equipment at a total cost of $14,700,000 (excluding capitalized interest). It took the entire year of 2017 to construct the asset. The weighted average accumulated expenditures qualifying for capitalization of interest during 2017 were $9,800,000. The company had the following debt outstanding at December 31, 2017:

1. 10%, 5-year note to finance construction of specialized equipment,				$6,300,000
Dated. January 1, 2017, with interest payable annually on January 1
(Construction specific loan)
2. 12%, ten-year bonds issued at par on December 31, 2011, with interest				7,000,000
payable annually on December 31
3. 9%, 3-year note payable, dated January 1, 2016, with interest payable				3,500,000
annually on January 1

Compute the amounts of each of the following (show your calculations).

If the equipment has a useful life of 15 years with $250,000 residual value, calculate the amount of annual depreciation on a straight-line basis.