The following information is available on a depreciable asset:

$\backslash$table$[[$Purchase date,January $1,$ Year$],[1,]]$

The asset's book value is $$64,400$ on January $1,$ Year $3.$ On that date, management determines that the asset's salvage value should be $$5,000$ rather than the original estimate of $$10,000.$ Based on this information, the amount of depreciation expense the company should recognize during Year $3$ would be: