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Mendenhall Corporation constructed a building at a cost of $14,050,000. Weighted-average accumulated expenditures were $5,510,000, actual interest was $568,000, and avoidable interest was $280,000. If
Mendenhall Corporation constructed a building at a cost of $14,050,000. Weighted-average accumulated expenditures were $5,510,000, actual interest was $568,000, and avoidable interest was $280,000. If the salvage value is $1,090,000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is?
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