Rose Bush Nursery Purchased a Delivery Truck for $40,000

Rose Bush Nursery purchased a delivery truck for $40,000. The truck is expected to have a useful life of 5 years and a residual value of $2,800. The company uses the straight-line method of depreciation. If the truck was purchased on June 1, 2019, what is the amount of depreciation expense for the truck for one full year?

A) $3,100
B) $4,340
C) $2,800
D) $7,440