Carlo Avardo, maintenance supervisor for Lisbon Insurance Co., has purchased a riding lawnmower and accessories to be used in maintaining the grounds around corporate headquarters. He has sent the following information to the accounting department.

Cost of mower and accessories €4,000 Date purchased Monthly salary of 7/1/15 Estimated useful life 5 yrs groundskeeper €1,100 Residual value €0 Estimated annual fuel cost

€150 Compute the amount of depreciation expense (related to the mower and accessories) that should be reported on Lisbon’s December 31, 2015, income statement. Assume straight-line depreciation.