Adkins Bakery uses the modified halfminusmonth convention to calculate depreciation expense in the year an asset is purchased or sold. Adkins has a calendar year accounting period and uses the straightminusline method to compute depreciation expense. On March​ 17, 2018, Adkins acquired equipment at a cost of $ 140 comma 000. The equipment has a residual value of $ 42 comma 000 and an estimated useful life of 8 years. What amount of depreciation expense will be recorded for the year ending December​ 31, 2018?​ (Round any intermediate calculations to two decimal​ places, and your final answer to the nearest​ dollar.)