Vaughn Company hired Ivanhoe Construction to construct an office building for 6390000 on land costing 1600000, which Vaughn Company owned. The building was complete and ready to be used on January 1, 2021 and it has a useful life of 40 years. The price of the building included land improvements costing 450000 and personal property costing 580000. The useful lives of the land improvements and the personal property are 10 years and 5 years, respectively. Vaughn Company uses component depreciation, and the company uses straight-line depreciation for other similar assets. What total amount of depreciation expense would Vaughn Company report on its income statement for the year ended December 31, 2021? 335000160000262000295000