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4 . A 1 Floral Company purchased a new van for floral deliveries on January 1 , 2 0 2 5 . The van cost

4.A1 Floral Company purchased a new van for floral deliveries on January 1,2025. The van cost
$56,000 with an estimated life of 5 years and $14,000 salvage value at the end of its useful
life. The double-declining-balance method of depreciation will be used. What is the
depreciation expense for 2025?
a. $11,200.
b. $8,400.
c. $16,800.
d. $22,400.
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