Q11 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

Company uses the sum-of-the-years-digits depreciation method.

In Year 3, Company changed to the straight-line depreciation method for the asset.

Determine the depreciation expense for Year 3.

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

Example: $12,345