A delivery company purchases 20 new trucks on January 1 of year 1. the trucks are 50,000 each the useful life is estimated to be five years and the salvage value is estimated to be 5,000 for each trunk the delivery company uses straight line depreciation for its truck what is the balance of the accumulated depreciation at the end of year 2?

1. 180,000

2. 200,000

3. 360,000

4. 400,000