On January 2, 2022, Sunland Ltd. purchased equipment to be used in its manufacturing operations. The equipment has an estimated useful life of ten years, and an estimated residual value of $53000. It was also estimated that the equipment would be used a total of 76000 hours over its useful life. The depreciation expense for this equipment was $162959 for calendar 2023, using the units of production method. The machine was used for 8900 hours in 2023. The acquisition cost of the equipment was