Shearer's Foods, part of the $$374$ billion global snack food industry, employs $3,300$ people in Brewster, Ohio. If Shearer's purchased a

packaging unit for $$176,860$ with a life expectancy of $694,000$ units and a residual value of $$45,000,$ what is the depreciation expense

for year $1$ if $74,000$ units were produced?

Depreciation expense