A manufacturer purchased a machine on 31 July 2014 for $44 500. The machine was installed and commissioned for use on 30 September 2014. The manufacturer paid $950 for the installation costs. Reducing balance method of depreciation at 8% p.a. was used. On 31 July 2016, the machine was traded in for $40 000 on a new machine costing $63 000. Straight line method at 20% p.a. was adopted for the new machine. Scrap value was $3000. The depreciation on the new machine for the year ended 30 June 2017 would be: