A company purchased a truck for $35,000 on January 1, 2015. The truck is estimated to have a useful life of four years and an estimated salvage value of $1,000. Assuming that the company uses straight-line depreciation, what is the depreciation expense on the truck for the year ended December 31, 2015?

Using the same information from the previous Question, assuming that the company uses straight-line depreciation, what is the depreciation expense on the truck for the year ended December 31, 2016?