Marigold Company purchased a new van for floral deliveries on January 1, 2020. The van cost $47000 with an estimated life of 5 years and $14200 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 2020? $13120 $18800 $9400 $6560 Attempts: 0 of 1 used Submit Answer forlater