Splish Brothers Industries Inc. started construction of a manufacturing facility for its own use at an estimated cost of $11,200,000 on January 1, 2017. Splish Brothers expected to complete the building by December 31, 2017. Splish Brotherss debt, all of which was outstanding during the construction period, was as follows.

Construction loan11% interest, payable semiannually, issued December 31, 2016; $5,600,000

Long-term loan #1 10% interest, payable on January 1 of each year. Principal payable on January 1, 2019; $1,680,000

Long-term loan #212% interest, payable on December 31 of each year. Principal payable on December 31, 2025; $3,920,000

Compute the depreciation expense for the year ended December 31, 2018. Splish Brothers estimated the facilitys useful life to be 25 years with a salvage value of $1,120,000. Splish Brothers elected to depreciate the facility on a straight-line basis.

Depreciation Expense

$enter the Depreciation Expense in dollars