On January 1 Astoria Delivery purchased a light truck to use in the business. The truck cost $27,000. It is expected to support the business for 8 years and have a salvage value of $3,000. In addition, management expects that the truck will be driven 96,000 miles over the 8-year useful life. In the first year of operation, the truck was driven 20,000 miles. Using each of the following depreciation methods, what would be the depreciation expense recorded in the first year?

1. straight-line
2. double-declining-balance (round the answer to two decimal places)
3. sum-of-the-years'-digits (round the answer to two decimal places)
4. units-of-productionusingmiles driven as the base