Sheridan Company purchased a new van for floral deliveries on January 1, 2021. The van cost $49000 with an estimated life of 5 years and $13900 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 2021? $14040 $9800 $19600 O $7020

Sheridan Company purchased a new van for floral deliveries on January 1,2021 . The van cost $49000 with an estimated life of 5 years and $13900 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 2021 ? $14040$9800$19600$7020