Mike purchases a heavy-duty truck (5-year class recovery property) for his delivery service on April 30, 2014. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations. The truck has a depreciable basis of $39,080 and an estimated useful life of 5 years. Assume half-year convention for tax and no election to expense is made.

a. Calculate the amount of depreciation for 2014 using financial accounting straight-line depreciation (not the straight-line MACRS election) over the truck's estimated useful life. Round the per month rate to two decimal places and round your final answer to the nearest dollar.

b. Calculate the amount of depreciation for 2014 using the straight-line depreciation election, using MACRS tables over the minimum number of years.

c. Calculate the amount of accelerated depreciation for 2014 that Mike could deduct using the MACRS tables.