On July 1, 2022, Cullumber Company purchased new equipment for $84,800. Its estimated useful life was 7 years with a $10,600 salvage value. On January 1, 2025, the company estimated that the equipment’s remaining useful life was 10 years, with a revised salvage value of $5,300.

Compute the balance in Accumulated Depreciation—Equipment for this equipment after depreciation expense has been recorded on December 31, 2025.