Jay Hawk, maintenance supervisor for Boston Insurance Co., has purchased a riding lawnmower and accessories to be used in maintaining the grounds around corporate headquarters. He has sent the following information to the accounting department.

Cost of mower and accessories $4,000
Date purchased 7/1/20
Estimated useful life 5 years
Monthly salary of groundskeeper $1,100
Salvage value $0
Estimated annual fuel cost $150
Estimated useful lifeSalvage value​​ $4,0005 year

Compute the amount of depreciation expense (related to the mower and accessories) that should be reported on Boston's December 31, 2020, income statement. Assume straight-line depreciation.