Fathom Company acquired a $50,000 machine on January 1, 2018. The machine is estimated to have a useful life of 5 years, and a residual value of $5,000. For units-of-production depreciation purposes, the machine is expected to produce 500,000 units. If Fathom Company uses units-of-production depreciation, and the company produces 75,000 units in 2019, what is depreciation expense for 2019?
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