ABAC Farms purchased a depreciable asset for $32,000 on April 1, Year 1. The asset will be depreciated using the double declining method over its five-year useful life. Assuming the asset's salvage value is $2,000, what will be the amount of accumulated depreciation on this asset on December 31, Year 1? Question 45 options: $6,000 $15,000 $9600 $20,000 $13,750