On January 1, Year 1, Melon Moving Company paid $55,000 to purchase a truck. The truck was expected to have a four-year useful life and a $5,000 salvage value. If Melon uses the straight-line method, the amount of book value shown on the Year 2 balance sheet is
A. $25,000
B. $12,500
C. $30,000
D. $42,500
Answer: C
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