XYZ Pty Ltd spent $200,000 to purchase a new equipment on 1 July 2015. The equipment was expected to have a useful life of 8 years, with residual value of $0, under straight-line depreciation method. The company used the revaluation method for valuing its equipment. Equipment was revalued every two years. The first time equipment was revalued was at 30 June 2017, and at this date the fair value was at $180,000. On 30 June 2018, the company conducted impairment testing and found that the equipments fair value less cost sell to be $138,000 and its value in use to be $130,000.

What is the amount of depreciation expense for the equipment for the year ended 30 June 2019 (assuming the financial year started on 1 July 2018 and ended on 30 June 2019)? (1 mark)

In your answer, include numbers only. No text, no commas, no signs or symbols etc.