Grey Company purchased a new van for floral deliveries on July 1, 2019. The van cost...

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Grey Company purchased a new van for floral deliveries on July 1, 2019. The van cost $54,000 with an estimated life of 8 years and $9,000 residual value at the end of its useful life. The double-declining-balance method of depreciation will be used and December 31 is fiscal year end. What is the balance of the Accumulated Depreciation account at December 31 2019? $6,750 $11,250 $5,625 $13,500 Grey Company purchased a new van for floral deliveries on July 1, 2019. The van cost $54,000 with an estimated life of 8 years and $9,000 residual value at the end of its useful life. The double-declining-balance method of depreciation will be used and December 31 is fiscal year end. What is the balance of the Accumulated Depreciation account at December 31 2019? $6,750 $11,250 $5,625 $13,500