On January 1, 2022, Betty DeRose, Inc. purchased equipment for $124,000. The equipment was assigned a life of 15 years and a salvage value of $7,300. On January 1, 2027, Betty DeRose decided the life of the equipment should be changed from 15 to 23 years with a salvage value of $3,200 at the end of the 23 years. Betty DeRose uses the straight-line depreciation method to depreciate its assets. Calculate the depreciation expense recorded on the equipment for 2027.