Consider the following facts: Company A purchases a new delivery truck for $60,000. The sales taxes are $4,000. The logo of the company is painted on the side of the truck for $1,600. The truck license is $160. The truck undergoes safety testing for $290. The truck is estimated to have a useful life of 10 years and a salvage value of $1,000. Company A uses straight-line depreciation for the truck. What does Company A record as the first year depreciation expense for the new truck?