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Compaq Company purchased a new van for floral deliveries on January 1,2020 . The van cost $128,000 with an estimated life of 4 years and

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Compaq Company purchased a new van for floral deliveries on January 1,2020 . The van cost $128,000 with an estimated life of 4 years and $17,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used Calculate the depreciation expense for 2021. (Answer should be rounded to the nearest dollar, i,e, 3,078,923 would be entered as 3,079 )

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