Sunland Optical Ltd, purchased optical lens coating uipment for $86,700 on January 1, 2024. At that time, management determined that the equipment would have a useful life of five years and a residual value of $19,600. Sunland uses the straight-line depreciation method: On January 1,2027, management revised its initial estimates and determined that the lens coating equipment would have a useful life of eight years, rather than five years, and that it would have a residual value of $13,100 at the end of that time. Determine the depreciation expense for 2027. Depreciation expense for 2027