DepCo uses the straight-line method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th as though they were acquired the following month. On March 20, 20X1, DepCo purchases for $9,000 a printer that it expects to last for 5 years and to have a residual value of $2,000. What is 20X1 depreciation expense for the printer?

$1,000

$800

$1,050

$250