Blossom Company bought machinery on January 1, 2009. at a cost of $94,000. The machinery had an estimated life of 8 years and salvage value of $16,320. On January1, 2014, Blossom estimates that the machinery will have a life of only 2 more years from January 1. 2014. and the salvage value is now estimated to be $4,080. Blossom uses straight-line depreciation. Compute the annual depreciation expense for 2014, Annual depreciation expense for 2014