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Bramble Corporation bought a machine on October $1,2023,$ for $$71,000,$ f$.$o$.$b$.$ the place of manufacture. Freight to the point where it was set up was $$300,$ and $$600$ was expended to install it$.$ The machine$$s useful life was estimated at $10$ years, with a salvage value of $$4,000.$ On October $1,2024,$ an essential part of the machine was replaced, at a cost of $$6,390,$ with one designed to reduce the cost of operating the machine. The cost of the old part and related depreciation could not be determined with any accuracy.

On October $1,2027,$ the company bought a new machine of greater capacity for $$80,000,$ delivered, trading in the old machine which had a fair market value and trade$-$in allowance of $$23,000.$ To prepare the old machine for removal from the plant cost $$68,$ and expenditures to install the new one were $$3,200.$ It was estimated that the new machine has a useful life of $10$ years, with a salvage value of $$9,000$ at the end of that time. The exchange had commercial substance.

Assuming that depreciation is to be computed on the straight$-$line basis, compute the annual depreciation on the new equipment that should be provided for the fiscal year beginning October $1,2027.($Round intermediate calculations and final answers to $0$ decimal places, e$.$g$.5,125.)$

Depreciation for the year beginning October $1,2027$

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