At the beginning of the current year, a nongovernmental not-for-profit environmental organization received a gift of depreciable equipment. The equipment is estimated to have a useful life of 10 years and a $2,000 salvage value. The donor's cost of this equipment was $11,000, and its fair value at the date of the gift was $12,000. What amount of depreciation of this equipment should the organization report for the current year assuming the straight-line method is used?

$1,100

$1,000

$900

$1,200