On July 11, 20X1, your firm purchases for $125,000 a machine with an estimated useful life of 8 years and a salvage value of $5,000. Your firm uses SYD depreciation and depreciates assets purchased between the 1^st and 15^th of the month for the entire month and assets purchased after the 15^th as though they were acquired the following month. What is 20X1 depreciation expense? Choose the closest answer if you are off due to rounding.

Group of answer choices

13,889

13,333

26,667

27,778