Metlock Ltd. constructed a warehouse for 316,000. Metlock estimates that the warehouse has a useful life of 20 years and no residual value. Construction records indicate that 31,400 of the cost of the warehouse relates to its heating, ventilation, and air conditioning (HVAC) system, which has an estimated useful life of only 8 years. Compute the first year of depreciation expense using straight-line component depreciation. Component depreciation in first year