Cork Oak Corporation purchased a heavy-duty truck (not considered a passenger automobile for purposes of the listed property and luxury automobile limitations) on May 1, 2021 for use in its business. The truck, with a cost basis of $24,000, has a 5-year estimated life. It also is 5-year recovery property.

How much depreciation should be taken on the truck for the 2021 calendar tax year using the conventional (for financial accounting purposes) straight-line depreciation method?

a.$4,800

b.$400

c.$3,200

d.$2,400

e.None of these choices are correct.