Problem $17-11($Static$)($LO $17-4)$

Reynolds County has three large trucks with a total net book value of $$600,000$ and remaining lives of six years with no expected residual value. County officials lease the trucks to the City of Webster on January $1,2020,$ for six years. Based on a negotiated annual implicit interest rate of $5$ percent, the parties agree on annual payments of $$112,581$ beginning immediately and each January $1$ thereafter. For both governments, the trucks relate to activities maintained with the General Fund. What amount of depreciation expense will Reynolds report in its government$-$wide financial statements for $2020?$