Rotan Company purchased a van on January1, 2018, for $860,000. Estimated life of the van was fiveyears, and its estimated residual value was $104,000. Rotan uses the straightline method of depreciation. At the beginning of2020, the company revised the total estimated life of the asset from five years to six years. The estimated residual value remained the same as estimated earlier. Calculate the depreciation expense for 2020.