Raspier Company purchased a truck at a cost of $12,000 in 2005. As of January 1, 2010, depreciation of $10,000 had been recorded on this asset. Depreciation expense for 2010 is $2,000. After the adjustments are recorded and posted at Dec 31, 2010, what is the carrying value of the truck?

a. $2,000

b. $5,500

c. 12,000

d. $ -0-