On January 1, 2025, a company acquired a truck for $60,000. Residual value was estimated to be $10,000. The truck can be driven for 130,000 miles or a useful life of four years. Actual usage of the truck was recorded as 12,000 miles for the first year. What is the amount of depreciation expense for the first year calculated by the double - declining - balance method? O A. $12,500 B. $5,520 OC. $4,560 OD. $30,000