A factory that produces fast-speed electric broomsticks is for sale for $920,000. An investor is considering accepting this asking price and holding the factory for a few years before selling it. If the depreciable life of the factory is 30 years and 23% of the purchase price is land, what would be the depreciation allowance each year for tax purposes?

Increase the decimals to 6 or higher for any intermediate calculations. Round your final answer to 2 decimal places.