A machine costing $55,784 with a 8-year life and $51,021 depreciable cost was purchased on January 1. Compute the yearly depreciation expense using straight-line depreciation. Round your answer to the nearest whole dollar. per year

A machine costing $55,784 with a 8 -year life and $51,021 depreciable cost was purchased on January 1 . Compute the yearly depreciation expense using straight-line depreciation. Round your answer to the nearest whole dollar. per year