A company purchased a new truck at a cost of $20400 on January 31. The truck is estimated to have a useful life of 7 years and a salvage value of $4900. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the truck during the first year ended December 31 ? Note: Round the number to 2 decimal places. Note: Avoid using the $ or , If your answer is $10,000.0258. write it as 10000.03