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gEnabled: Unit3 E&M Tidy Limited purchased a new van on January 1, 2021. The van cost $38,000. It has an estimated life of eight years

gEnabled: Unit3 E&M Tidy Limited purchased a new van on January 1, 2021. The van cost $38,000. It has an estimated life of eight years and the estimated residual value is $4,600. Tidy uses the double-declining-balance method to compute depreciation. What is the depreciation expense for 2021? Multiple Choice $9.500 $4.175 $4.750 $8.350

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