On March 31, 2013, the Herzog Company purchased a factory complete with machinery and equipment. The allocation of the total purchase price of $1,040,000 to the various types of assets along with estimated useful lives and residual values are as follows:

AssetCostEstimated Residual ValueEstimated Useful

Life in YearsLand$120,000N/AN/ABuilding540,000none25Machinery200,00010% of cost6Equipment 180,000$ 15,000 5

Total$1,040,000

On June 29, 2014, machinery included in the March 31, 2013, purchase that cost $104,000 was sold for $84,000. Herzog uses the straight-line depreciation method for buildings and machinery and the sum-of-the-years'-digits method for equipment. Partial-year depreciation is calculated based on the number of months an asset is in service.

Required:1.Compute depreciation expense on the building, machinery, and equipment for 2013. (Do not round intermediate calculations.)