Topsie Co. purchased land and a building for $341,000. The land had a fair value of $25,000. The company expects the building to have a useful life of 25 years anda salvage value of $20,000. As of the end of the year, Topsie had owned the land and building dor 16 years How much will Topsie Co. recognize as annual Depreciation Expense each year? (Round answers to the nearest S)