Tidy Limited purchased a new van on January 1, 2016. The van cost $32.000. It has an estimated life of eight years and the estimated residual value is $4.000. Tidy uses the double-declining balance method to compute depreciation What is the depreciation expense for 2016? Multiple Choice $3,500 $8.000 Prey 9 of 10 1 le Choice o $3,500. o $8.000. o $4.000. o $7,000