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Vaughn Company purchased a new van for floral deliveries on January 1, 2020. The van cost $54000 with an estimated life of 5 years and

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Vaughn Company purchased a new van for floral deliveries on January 1, 2020. The van cost $54000 with an estimated life of 5 years and $13000 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 2021? $25920 $34560 $8640 $12960

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