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Cork Oak Corporation purchased a heavy-duty truck (not considered a passenger automobile for purposes of the listed property and luxury automobile limitations) on June 1, 2012 for use in its business. The truck, with a cost basis of $18,000, has a 5-year estimated life. It also is 5-year recovery property. How much depreciation should be taken on the truck for the 2012 calendar tax year using the conventional (for financial accounting purposes) straight-line depreciation method?

Select one:

a. None of the below
b. $3,600
c. $1,800
d. $2,100
e. $2,567

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