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Naguchi inc. reported machinery with an original cost of $ 1 8 9 , 5 0 0 and $ 1 7 2 , 0 0

Naguchi inc. reported machinery with an original cost of $189,500 and $172,000 and accumulated depreciation of $76,500 and $64,000 respectively, in its comparative financial statements for the years eneded 12/31/02 and 12/31/01. During 2002, Naguchi purchased equipment costing $25,000 and sold equipment with a carrying value of $4,500. What amount should Naguchi report as depreciation expense for 2002?

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