Assume Anywhere Link Inc. purchased a new piece of equipment on January 1, 2020, that cost $ 40 comma 000. The estimated useful life is eight years, and estimated residual value is $ 2 comma 000.
If Anywhere Link uses the double-diminishing-balance method of depreciation, what is the depreciation expense for the year ended December 31, 2021? (Round your answer to the nearest whole dollar.)