Brians Company purchased a Mercedes at the beginning of 2005 at a cost of $40,293. TheMercedes had an estimated useful life of 20 years and an estimated residual value of $2,000. During its estimated useful life, the Mercedes is expected to run 100,000 miles. What amount should be recorded as annual depreciation expense at the end of the year 2005 if Brian expects to run the Mecedes for 20,000 miles in 2005 using the unit of production depreciation method?