Computing Depreciation with an Estimate Change

Whitney Company purchases equipment on July $1$ of Year $1$ for $$20,400.$ This equipment has a useful life of five years and a residual value of $$2,400.$ The company uses the straight$-$line depreciation method. On January $1$ of Year $3,$ the company extended the estimate of the total useful life to six years and adjusted the salvage value to $$1,200.$ Compute depreciation expense for Year $3.$

Note: Round your answer to the nearest whole dollar.

Depreciation expense for Year $3$