Joe is thinking about buying a very good lawn tractor to save the money that he now pays to a lawn service. it will cost $3,000 and joe expects it to last 10 years, with an average depreciation cost of $300 per year. joe's spouse, who opposes this purchase, feels that joe will get bored with the tractor in a year. joe counters by saying that if he does, he will be able to sell it for about $2,700, which is the purchase price minus first-year depreciation. What is the most accurate assessment of Joe's argument?
A. Joe should be able to get more than $2,700 if the tractor is in good condition.
B. Joe is right, he can get $2,700 ($3,000 - $300) after one year.
C. Joe is likely to get more than he paid for the lawn tractor.
D. Joe will get less than $2,700 because first-year depreciation is large.