Practice Question 58 Schneider Trucking Inc. purchased a new semi-truck on January 1, 2016 for $200,000. tts useful life is expected to be 4 years and its salvage value is estimated at $25,000. What is the depreciation for 2017 using the declining-balance method at double the straight-line rate? a. $43,750 b. $87,500 c. $100,000 d. $50,000