On January 1, Year 1, Friedman Company purchased a truck that cost $50,000. The truck had an expected useful life of 8 years and an $9,000 salvage value. Friedman uses the double-declining-balance method. What is the book value of the truck at the end of Year 1? (Do not round intermediate calculations.) Multiple Choice

$28,500

$37,500

$39,750

$30,750