Deacon Industries purchased a delivery vehicle on January 1, 2019, for $40,000. They paid sales taxes of $2,000 and one year's insurance premium of $2,000 on the same day. The company estim Bed a residual value of $5,000 at the end of the 5-year expected service life. What was depreciation expense of the vehicle in 2020 under the double-declining balance depreciation method? O $9,867 O $16.800 O $7,680 $8,880 $10,560 O $10,080