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Crane Company purchased a new van for floral deliveries on January 1, 2018. The van cost $45000 with an estimated life of 5 years and
Crane Company purchased a new van for floral deliveries on January 1, 2018. The van cost $45000 with an estimated life of 5 years and $13000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the balance of the Accumulated Depreciation account at the end of 2019?
$21600
$28800
$10800
$7200
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