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Mike purchases a heavy-duty truck (5-year class recovery property) for his delivery service on April 30, 2015. The truck is not considered a passenger automobile for purposes of the listed property and luxury automobile limitations. The truck has a depreciable basis of $39,080 and an estimated useful life of 5 years. Assume no election to expense is made and no bonus depreciation is taken.

b. Calculate the amount of depreciation for 2015 using the straight-line depreciation election under MACRS over the minimum number of years.

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