Lester Company purchases a piece of equipment on Jan. 2, 20x7, for $30,000.The equipment has an estimated life of 8 years or 50,000 unites of production and an estimated residual value of $3,000. Lester uses a calendar fiscal year. The amount of depreciation to be recorded for 20x7, using the production method and assuming that 6,800 units are produced, is?