Sandhill Co. purchased a new van for floral deliveries on January 1, 2022. The van cost $76000 with an estimated life of 5 years and $14000 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 2022?

$15200.

$30400.

$24800.

$12400.