The Vermont Construction Company purchased a hauling truck on January 1,2009 at a cost of $35,000. The truck has a useful life of eight years with an estimated salvage value of $6,000. The straight-line method is used for book purposes. For tax purposes, the truck would be depreciated with the MACRS method over its five-year class life. Deter-mine the annual depreciation amount to be taken over the useful life of the hauling truck for both book and tax purposes