Your company owns an asset with an initial cost of $300,000. Your company uses the straight-line depreciation method for this asset with a 10-year recovery period. If the asset was acquired 3 years ago and has a salvage value of 50,000. The current book value of this asset is closest to:

O a. $200,000

b. $275,000

O c. $185,000

O d. $250,000

Oe. $225,000