Question: Answer is D. Any help in how to get that answer would be awesome! Shaggy Limited purchased a new van on January 1,2011. The van

 Answer is D. Any help in how to get that answer

Answer is D. Any help in how to get that answer would be awesome!

Shaggy Limited purchased a new van on January 1,2011. The van cost $20,000. It has an estimated life of five years and the estimated residual value is S5,000. Shaggy uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2012? A) S3,200 B) S4,800 C) S9,600. D) S12,800. 9

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