A company purchased equipment for $49,000 on July 1, 2019. It is estimated that the equipment will have no residual value and its useful life will be 7 years. Assuming that the company's accounting year ends on December 31 of each year, what will be the Depreciation Expense for the years 2019 and 2020 assuming straight-line depreciation?

Year 2019: $

Year 2020: $