Farr Company purchased a new van for floral deliveries on January 1, 2017. The van cost $59,000 with an estimated life of 7 years and $14,000 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 2018? Select one: a. $35,840 b. $13,440 c. $26,880 d. $8,960 e. The answer does not exist