22. As of December 31, 2019, ABC Company owned the tangible fixed assets. These assets were equipment, furniture, and a lorry. To depreciate the equipment and furniture, ABC Company used straight-line method. On the other hand, to depreciate lorry, ABC Company used double- declining balance method. To depreciate these assets, ABC Company used depreciation for fractional years rounded to the nearest whole month. The details of these assets were as follows: Purchase Date Lorry February 28, 2014 Equipment March 1, 2017 Furniture August 1, 2017 Original Cost $120,000 $42,500 $38,000 Residual value Useful life $5,000 10 years 8 years $2,000 6 years $500 What was the accumulated depreciation of the lorry on December 31, 2016? * (3 Points) some other amount $64,000 $68,800 $56,000