Question $3$

On January $2,20$X$1,$ Lapointe Company purchased equipment for $$60,000.$ At that time, the equipment was estimated to have a useful life of seven years and a residual value of $$4,000.$ On January $3,204,$ Lapointe upgrades the equipment at a cost of $$9,000.$ Lapointe estimates that the equipment will now have a total useful life of nine years and a residual value of $$3,000.$ The company uses straight$-$line depreciation and has a December $31$ fiscal year end. Calculate the $20$X$4$ depreciation expense.