ABC Company purchased a machine on January 1, 2016, for $450,000. At the time of purchase the machine was estimated to have a life of 7 years and a residual value of $ 20,000. On January 1, 2018, The company determined that the machine had a total useful life of 10 years (another 7 years left) and a residual value of $ 18,000 . If ABC uses the straight - line method of depreciation, what will be the depreciation expense for the machine in 2019