Shaggy Limited purchased a new van on January 1. The van cost $20,000. It has an estimated life of five years and the estimated residual value is $5,000. Shaggy uses the straight-line method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of year 2?

		$3,000
		$4,800
		$6,000.
		$12,800.