Monty Company owns a 7,000-acre tract of timber purchased in 2006 at a cost of $1,417 per acre. At the time of purchase, the land was estimated to have a value of $317 per acre without the timber. Monty Company has not logged this tract since it was purchased. In 2020, Monty had the timber cruised. The cruise (appraiser) estimated that each acre contained 8,720 board feet of timber. In 2020, Monty built 10 miles of roads at a cost of $8,400 per mile. After the roads were completed, Monty logged and sold 3,815 trees containing 926,500 board feet.

If Monty depreciates the logging roads on the basis of timber cut, determine the depreciation expense for 2020.