On January 1, Year 3, a nongovernmental non profit nautical society received a gift of an exhaustible fixed asset with an estimated life of 10 years and no salvage value. The donor's cost of this asset was $20,000 and its fair value at the date of the gift was $30,000. What amount of depreciation of this asset should the society recognize in its Year 3 financial statements?

$3,000

$2,500

$2,000

$0