In 2010, Eden Condo Inc. bought a new apartment building that was rented out to families on June 17, 2010. The purchase cost was 731,287 dollars and in addition it had to spend 16,774 dollars remodeling the space. Paradise Condo estimated that in 2040 the building would have a net salvage value of $100,000. Using the US Straight Line Depreciation Schedule, compute the value of depreciation recorded in the accounting books in the year 2010. (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)