On July 9, 2025, Underwood purchased a truck for $28121 with a $2534 salvage value, is expected to last five years & 40,000 miles. Use partial year convention (nearest month) to depreciate fractional periods. Note: you may not require all the given information to solve.

The book value of the truck under straight-line at December 31, 2026 after all adjusting entries, will be:

Round only your final answer to the nearest dollar.