R21-2 Change of Estimate (LO 21-1)

Sarto Co. purchased a $354,000 asset on 1 January 20X2. In 20X6, the company changed the total useful life from 20 years to 14 years. The asset was originally expected to be sold for $40,000 at the end of its useful life, but that amount was also changed in 20X6 to $10,000. Sarto applies the straight-line method of depreciation to this asset, and had claimed a full year of depreciation in the year of acquisition.

Required: Calculate 20X6 depreciation expense.