On January 1, 2019, the Kelley Company ledger showed a building with a cost of $250,000 and related accumulated depreciation of $96,000. The depreciation resulted from using straight-line depreciation with a useful life of 20 years and no residual value. On this date, Kelley determined that the building had a remaining useful life of 16 years and a residual value of $14,000.

Required:

Determine the depreciation expense for 2019. $