Presented below is information related to equipment owned by Company A at December 31, 2020 Cost Accumulated depreciation to date Expected future net cash flows Fair value $3,347,500 427,500 2,985,000 2,052,000 Assume that the company will continue to use this asset in the future. As of December 31, 2020, the equipment has a remaining useful life of 5 years and an estimated residual value of $0. Determine the 2021 depreciation: $ (Round final answer to 0 decimal places, e.g. 3369; do not include dollar sign and comma in your final answer.)