Step 1: Recall the determinant property.
For any square matrix $A$ of order $n$, if each element of the matrix is multiplied by a constant $k$, then the determinant is multiplied by $k^n$.
Step 2: Apply the formula.
Here, the order of matrix $A$ is $3$, and the scalar multiplier is $2$. Hence,
\[
|2A| = 2^3 |A|
\]
Step 3: Substitute the given value.
\[
|2A| = 8 \times 5 = 40
\]
Step 4: Conclusion.
Therefore, the value of the determinant $|2A|$ is $40$.