Powers Co. purchased equipment for $200,000 on January 1, 2018. The equipment has an estimated service life of 1,000 production hours and an estimated residual value of $20,000. Powers incurred 150 hours production hours during 2018. Compute the depreciation expense for 2018 (year 1) using the an Activity-Based Depreciation method with production hours as the basis. Input your answer without dollar signs $.....for example. If your answer is $10,000, input 10,000 as the solution