Renoir associates purchased a vehicle for $70,000, with an estimated useful life of 8 years and a salvage value of $10,000. The company uses the double-declining - balance method of depreciation; however, after year 3 they switch to the straight-line method. There is no change to the estimated useful life or salvage value. What is the accumulated depreciation balance at the end of year 57 (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) O A $48,281 B. $44,375 C. $47.852 OD. $53,490