Kobas Kookies, Inc. acquired an oven for its banking operations on June 10 of the current year at a total cost of $ 384,000. It estimates that the oven has a 16- year useful life with no scrap value. Assume that Kobas uses the half- month convention, where depreciation expense is taken for one- half of the month regardless of when the asset is purchased during the month. The firm’s year-end is December 31. Compute the depreciation expense for the first two years using the straight- line method.