MyCo uses the straight-line method. Assets purchased between the 1^st and 15^th are depreciated for the entire month; assets purchased after the 15^th as though they were acquired the following month. On April 22, 20X1, MyCo purchases for $50,000 equipment that it expects to last for 10 years and to have a residual value of $5,000. What is 20X2 depreciation expense for the equipment?