Martinez Company purchased a bulldozer on January 1, 2020. The bulldozer cost $190,000, and was depreciated on a straight-line basis, based on a 10-year life and $14,000 residual value. On January 1, 2022, Martinez revised its estimates of the bulldozers useful life and residual value. It was now estimated that the bulldozer would last only 5 more years, and could be sold for only $2,400.

Calculate the depreciation expense for 2022.