Jafari Corporation Purchased a Truck at the Beginning of 2019

Multiple Choice

Jafari Corporation purchased a truck at the beginning of 2019 for $180,000. The truck is estimated to have a salvage value of $6,000 and a useful life of 240,000 miles. It was driven 36,000 miles in 2019 and 64,000 miles in 2020.
What is the book value of the truck on December 31, 2020?

A) $111,600
B) $ 84,000
C) $107,500
D) $ 60,000