Finx, Inc., purchased a truck for $40,000. The truck is expected to be driven 15,000 miles per year over a 5-year period and then sold for approximately $5,000. Determine depreciation for the first year of the truck's useful life by the straight-line and units-of-output methods if the truck is actually driven 16,000 miles. (Round your intermediate calculations to 2 decimal places.) $ 7,000 Straight-line depreciation Units-of-output depreciation