Nelson purchased a building on January 1, 2016 for $10,000,000. Nelson depreciated the building using the straight-line method with an estimated useful life of 30 years and a salvage value of $1,000,000. On January 1, 2020, Nelson concluded that the building has a remaining life of 40 years and a salvage value of $2,000,000. Compute depreciation for 2020 using the straight-line method.