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Oriole Company purchased a new van for floral deliveries on January 1, 2021. The van cost $64000 with an estimated life of 8 years and

Oriole Company purchased a new van for floral deliveries on January 1, 2021. The van cost $64000 with an estimated life of 8 years and $14000 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 2022? $28000. $4000. $18000. $12000

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