A company's annual accounting period ends on December 31. During the current year, a depreciable asset that cost $28,000 was purchased on October 1. The asset has a $1,000 estimated salvage value. The company uses straight-line depreciation and expects the asset to have a five-year life. What is the total depreciation expense for the current year?

$1,350.00

$5,600.00

$5,400.00

$1,450.00

$1,400.00