Fellingham Corporation purchased equipment on January 1, 2014 for $272,000. The company estimated that the equipment would have a useful life of 10 years with a residual value of $20,800. Fellingham uses the straight-line depreciation method. In early 2016, Fellingham reassessed the condition of the equipment, determining that its total useful life would be only six years and that it would have no salvage value. 

How much would Fellingham report as depreciation on this team for 2016?