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Compute the depreciation expense for the year ended December 31, 2021. Stellar elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $900.000. (Round answer to 0 decimal places, e.g. 5,275.)

Depreciation Expense: $

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Stellar Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $ 15,000,000 on January 1, 2020. Stellar expected to complete the building by December 31, 2020. Stellar has the following debt obligations outstanding during the construction period. $ 6,000,000 Construction loan-12% interest, payable semiannually, issued December 31, 2019 4,500,000 Short-term loan-10% interest, payable monthly. and principal payable at maturity on May 30, 2021 3,000,000 Long-term loan- 11% interest, payable on January 1 of each year. Principal payable on January 1, 2024 Compute the depreciation expense for the year ended December 31, 2021. Stellar elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $ 900,000. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation Expense $ $ Stellar Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $ 15,000,000 on January 1, 2020. Stellar expected to complete the building by December 31, 2020. Stellar has the following debt obligations outstanding during the construction period. $ 6,000,000 Construction loan-12% interest, payable semiannually, issued December 31, 2019 4,500,000 Short-term loan-10% interest, payable monthly. and principal payable at maturity on May 30, 2021 3,000,000 Long-term loan- 11% interest, payable on January 1 of each year. Principal payable on January 1, 2024 Compute the depreciation expense for the year ended December 31, 2021. Stellar elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $ 900,000. (Round answer to 0 decimal places, e.g. 5,275.) Depreciation Expense $ $