Chippawa Industries acquired a delivery truck on January 4, 2006. The total cost of the truck was $145,000. Chippawa estimated that the truck would be used for 8 years before being sold for an estimated $23,500. Chippawa uses the double-declining balance method of depreciation. The total depreciation expense for the year ended December 31, 2006 was: (answer is 36,250)