On May 1, 2021, Maxim Corporation acquired equipment for $340,000. The estimated life of the equipment is 4 years or 40,000 hours. The estimated residual value is $15,000. What is the depreciation for 2021, if Maxim Corporation uses the asset 8,200 hours and uses the activity-based depreciation method? (Do not round any intermediary calculation and round the final answer is the nearest dollar)