Ortiz purchased a piece of equipment that cost $202,000 on January 1, 2012. The equipment has the following components.

Component

Cost

Residual Value

Estimated Useful Life

A

$70,000

$7,000

10 years

B

50,000

5,000

5 years

C

82,000

4,000

12 years

Compute the depreciation expense for this equipment at December 31, 2012.