Mazaya Company purchased a new van for floral deliveries on January 1, 2011. The van cost R.0.40,000 with an estimated life of 5 years and R.0.10,000 residual value at the end of its useful life. The double-declining balance method of depreciation will be used. What is the depreciation ?expense for 2012 a. R.0.7.000 b.R.O.9,600 c R.0.16,000 d. R.O.12,000