January 1, 2016, Nordica Inc. purchases a piece of specialized equipment for $110,000, incurs $5,000 in shipping costs to receive the equipment, and then pays a contractor $5,000 to install the equipment in their factory. Nordica expects to use the equipment for 8 years at which point they will dispose of it and it will be worthless. Nordica uses the straight-line method of depreciation. January 1, 2021, Nordica determines that they will use the equipment for 6 more years and then dispose of the equipment for proceeds of $4,000. T What is the amount of depreciation expense for 2021?