You are trying to project the cash flows for a new truck your company is thinking of buying. The truck will cost \$50,000, and your company uses straight-line depreciation for book purposes but MACRS for tax. The truck has a depreciable life of 3 years under either method.
How much depreciation expense should you include in year one of your analysis?
Note: MACRS factors are 33%, 45%, 15%, and 7% for years 1-4.