On January 1, 2025, a company acquired a truck for $150,000. Residual value was estimated to be $10,000. The truck can be driven for 60,000 miles or a useful life of four years. Actual usage of the truck was recorded as 13,000 miles for the first year. What is the amount of depreciation expense for the first year calculated by the straight-line method? OA. $75,000 OB. $35,000 OC. $30,290 OD. $32,500