On January 1, Delivery, Inc. purchased a truck for $67,500 with a $6,000 salvage value and a four-year life. The company used the straight-line method of depreciation. The truck was sold on December 31, Year 2 for $22,500. Which of the following is one effect of recording the truck sale in the accounting records?

Select one: A. The Truck account is reduced by $33,000.

B. The Accumulated Depreciation account is reduced by $30,750.

C. A loss of $45,000 is recognized.

D. Cash is increased by $45,000.