Q1 THE FOLLOWING INFORMATION IS USED FOR QUESTIONS 1 - 4

Company acquired a long-lived asset on January 1, Year 1. Information regarding the asset is as follows.

Acquisition cost	$6,600
Residual value	$600
Estimated useful life, in years	5
Estimated productive output, in units	10,000

Company uses the straight-line depreciation method.

Determine the accumulated depreciation at December 31, Year 3.

Note: Give your answer using dollar signs and commas but no decimal points (cents).

Example: $12,345