The Peridot Company purchased machinery on January 2, 2022, for $930,000. A five-year life was estimated and no residual value was anticipated. Peridot decided to use the straight-line depreciation method and recorded $186,000 in depreciation in 2022 and 2023. Early in 2024, the company revised the total estimated life of the machinery to eight years.

Determine depreciation for 2024.