Finx, Inc., purchased a truck for $40,000. The truck is expected to be driven 15,000 miles per year over a five-year period and then sold for approximately $5,000.

a.	Determine depreciation for the first year of the truck's useful life by the straight-line method if the truck is actually driven 16,000 miles.

b.	Determine depreciation for the first year of the truck's useful life by the units-of-output method if the truck is actually driven 16,000 miles. (Round your intermediate calculations to 2 decimal places.)