Farr Company purchased a new van for floral deliveries on January 1, 2017. The van cost $56,000 with an estimated life of 6 years and $1400 salvage value at the end of its useful life. The double- declining-balance method of depreciation will be used. What is the depreciation expense for 2017? Select one: a. $16,800 b. $11,200 C. $8,400 d. $22,400 e. The answer does not exist