On January 1, Year 1, Melon Moving Company Paid $55,000

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) $42,500
B) $30,000
C) $25,000
D) $12,500