Tomlin Company spends $12,000 for a forklift with an estimated useful life of four years. The company expects annual savings of $4,000 per year for four years, and a salvage value of $5,000 at the end of 4 years. What is the payback period? O A. 3 years B. 2 years O C. 2.8 years D. 4 years A recognized loss on the sale of a long-term asset causes a company's tax liability to decrease. True O False