Cork Oak Corporation Purchased a Heavy-Duty Truck (Not Considered a Passenger

Cork Oak Corporation purchased a heavy-duty truck (not considered a passenger automobile for purposes of the listed property and luxury automobile limitations) on May 1, 2014 for use in its business. The truck, with a cost basis of $24,000, has a 5-year estimated life. It also is 5-year recovery property. How much depreciation should be taken on the truck for the 2014 calendar tax year using the conventional (for financial accounting purposes) straight-line depreciation method?

A) $400
B) $2,400
C) $3,200
D) $4,800
E) None of the above