Sunland Enterprises purchased equipment on March 15, 2025, for $71,040. The company also paid the following amounts: $470 for freight charges, $230 for insurance while the equipment was in transit, $1,692 for a one-year insurance policy, $1,974 to train employees on how to use the new equipment, and $2,660 for equipment testing and installation. The company began to use the equipment on April 1. Sunland has estimated the equipment will have a 10-year useful life with no salvage value. It expects to consume the equipment's economic benefits evenly over its useful life. The company has a December 31 year-end. Using the method chosen in part (b), calculate the depreciation on the equipment for 2025. (Round answer to O decimal places, e.g. 5,125) Depreciation expense in 2025 $