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Carlo Avardo, maintenance supervisor for Lisbon Insurance Co., has purchased a riding lawnmower and accessories to be used in maintaining the grounds around company headquarters.

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Carlo Avardo, maintenance supervisor for Lisbon Insurance Co., has purchased a riding lawnmower and accessories to be used in maintaining the grounds around company headquarters. He has sent the following information to the accounting department. Cost of mower and 4,00 Date purchased 7/1/1 accessories o 9 Estimated useful life 5 yrs Monthly salary of 1,10 groundskeeper o Residual value 0 Estimated annual fuel cost 150 Compute the amount of depreciation expense (related to the mower and accessories) that should be reported on Lisbon's December 31, 2019, income statement. Assume straight-line depreciation

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