Alladin Company purchased Machine #201 on May 1, 2010. The following information relating to Machine #201 was gathered at the end of May: Price $85,000 Credit terms 2/10, n/30 Freight in costs $800 Preparation & installation costs $3,800 Labor costs during regular production operations $10,500 It was expected that the machine could be used for 10 years, after which the salvage value would be zero. Alladin intends to use the machine for only 8 years, however, after which it expects to be able to sell it for $1,500. The invoice for Machine #201 was paid May 5, 2010. Alladin used the calendar year as the basis for the preparation of financial statements. Question: Compute the depreciation expense for the years indicated using the straight-line method for 2010 (round to the nearest dollar)