Driveby Construction Inc. (CCI) bought a large piece of construction equipment on March 22, 2020.

The construction equipment was a large piece of heavy equipment with an original cost of $1,140,000. This equipment was broken into three components. The shell of the equipment is $800,000 and anticipated to last 10 years. The motor is $300,000 and needs to have a major overhaul and inspection every five years. The tires are $40,000 in total and need to be replaced every four years. All of the components are expected to have no salvage value at the end of their useful lives.

CCI uses straight-line depreciation for all construction equipment, and the half-year convention for its depreciation calculations.

Required:

Record the depreciation expense for the year ending June 30, 2020. Show your calculations.