An asset is bought on January 1, Year 1 for $36,000. It is given a salvage value of $4000, a useful life of 8 years and is being depreciated straight line. During year 7, it is determined that the useful life will be 4 more years including year 7. The salvage value is now estimated to be $2,000. Use this information to answer the question below. How much depreciation should be taken each year beginning with year 7?