Company A owns a van as non-current asset. This transportation element was acquired for 50,000 on 01/01/2017. Company A year-end is on 31st December. The annual depreciation rate is 20%. Which will be the total accumulated depreciation on 31/12/2018 using the reducing-balance method?

Select one:

a. 8,000

b. None of the answers is true.

c. 18,000

d. 10,000