of Pablo purchased a machine on January 1, 2011, at a cost of $ 60000. At the time of purchase, the machine was expected to have a eight-year economic life and a residual value of $ 4000. Pablo uses straight-line depreciation. At the beginning of 2013, Pablo estimated the machine to have a remaining life of 5 years with no residual value. For the year ended December 31, 2013, Pablo would report depreciation of