Dorchester Company Purchased a New Van for Floral Deliveries on July

Multiple Choice

Dorchester Company purchased a new van for floral deliveries on July 1, 2014. The van cost $20,000 with an estimated life of 5 years and $5,000 residual value at the end of its useful life. The double diminishing-balance method of depreciation will be used.
-What is the balance of the accumulated depreciation account at the end of 2015?

A) $4,800
B) $6,400
C) $10,400
D) $4,000