A company purchased equipment at the beginning of 2024 for $650,000. In 2024 and 2025, the company depreciated the asset on a straight-line basis with an estimated service life of eight years and a $10,000 residual value. At the beginning of 2026, due to changes in technology, the company revised the service life to a total of six years (four more years) with zero residual value. What depreciation expense would the company report for the year 2026 on this equipment?