Entity 2 purchased a specialist machine from a US supplier on 1 January 2021. The trade price was $500,000. The machine was delivered on 1 February with a delivery charge of $2,500 applied by the US supplier. An import duty of 75,000 was levied by the HMRC. Entity 2 incurred a further 15,000 to install the machine in its Manchester factory. By 1 March 2021, the machine was fully operational. The machine has a useful economic life of 10 years with no residual value. A dismantling expense of 45,000 is expected to incur at the end of 2030.

On 1 July 2021, the factory was temporary shut down due to the Covid restrictions and a shortage of staff. It was re-opened on 1 August 2021.

Entity 2 paid the US supplier the full invoice amount of $502,500 on 1 March 2021. The following exchange rates are available:

Dates	$ to 1
1 January 2021	1.245
1 February 2021	1.327
1 March 2021	1.298
31 December 2021	1.276

Entity 2 has a cost of capital of 10% per annum. Depreciation is calculated on a monthly basis using the straight-line method.

Question: Determine the amount of depreciation for this machine in 2021.