On January $1,$ Year $1,$ Marino Moving Company paid $$54,500$ cash to purchase a truck. The truck was expected to have a four$-$year useful life and an $$10,600$ salvage value. Marino uses the straight$-$line method. On January $1,$ Year $3,$ Marino$$s accounting records contained the following balances:

Truck $$54,500$

Accumulated Depreciation $$26,500$

Also, on January $1,$ Year $3$ the company paid $$16,500$ to replace the engine to make the truck better by enabling it to operate using less expensive natural gas. Which of the following shows the account balances after the engine replacement on January $1,$ Year $3?$

Multiple Choice

Truck $$71,000,$ Accumulated Depreciation $$26,500$

Truck $$54,500,$ Accumulated Depreciation $$16,500$

Truck $$71,000,$ Accumulated Depreciation $$43,000$

Truck $$54,500,$ Accumulated Depreciation $$43,000$