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Tidy Limited purchased a new van on January 1, 2018. The van cost $28,000. It has an estimated life of ten years and the estimated

Tidy Limited purchased a new van on January 1, 2018. The van cost $28,000. It has an estimated life of ten years and the estimated residual value is $3,000. Tidy uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2019?

  • $8,960.

  • $1,120

  • $10,080.

  • $2,800

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