Lauter Tun Corporation acquired equipment on January1, 2012, for$300,000. The equipment had an estimated useful life of 10 years and an estimated salvage value of$25,000. On January1, 2015, Lauter Tun Corporation revised the total useful life of the equipment to 8 years and the estimated salvage value to be$10,000. Compute depreciation expense for the year ending December31, 2015, if Lauter Tun Corporation uses straightline depreciation.