The table shows information relating to a companys non-current assets.

$

Cost at 1 Jan 2020

10 500

accumulated depreciation at 1 January 2020

4 900

purchases for the year ended 31 December 2020

2 500

Cost of assets disposals for the year ended 31 December 2020

700

Depreciation is 25 % per annum on the reducing balance basis.

What is the depreciation charge for the year? ....................