On January 2, 2020, Coronado Inc. purchased machinery with various component parts. Component A had an original cost of $48,800 and a residual value of $10,800 and an estimated useful life of 4 years. Component B is a major spare part that had an original cost of $67,000 and a residual value of $5,000 and an estimated useful life of 5 years. The remaining component, Component C, had an original cost of $10,800 and a residual value of $0 and an estimated useful life of 6 years. Calculate the depreciation expense for 2020. Depreciation Expense $