Brander Corporation purchased a forklift for $70,000 on July 1. The forklift has an estimated useful life of 20,000 usage hours with a residual value of $5,000 Brander uses the units of production method for depreciation. If Brander uses the forklift for 5,000 hours during the first year, the depreciation expense on the forklift would be (Round Intermediary calculations to two decimal places and your final answers to the nearest whole dollar) es OA $70,000 OB. $17,600 OC. 55.000 OD $16,250