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 January 1, 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 $