On January 2, 2016, the Matthews Band acquires sound equipment for concert performances at a cost of $66,800. The band estimates it will use this equipment for 4 years, during which time it anticipates performing about 200 concerts. It estimates that after four years it can sell the equipment for $1,000. During year 2016, the band performs 45 concerts.

Compute the year 2016 depreciation using the straight-line method.