Corner Community Pharmacy purchased a delivery van having the following characteristics:

Cost	$30,200
Estimated useful life (years)	5
Residual value	$3,200
Estimated miles of use during useful life	270,000
Miles of use during year 1	67,500

Assume the pharmacy uses the double-declining-balance method of depreciation. Compute depreciation expense for year 2.

		$4,048
		$12,080
		$5,400
		$7,248