A company purchased a delivery truck for $60,000 at the beginning of Year 1. At the time of purchase, it is estimated that the truck will have a $10,000 residual value at the end of its estimated 5-year useful life. In the middle of Year 3 the engine needed to be replaced at a cost of $4,500. The estimated life of the asset is now 5 more years with a residual value of $4,500. What is the total Accumulated Depreciation at the end of Year 3 for this truck if straight line depreciation is used? Multiple Choice $30,000 $37,500 None of the other alternatives are correct O $28,500 $28,500 $35,000