Tidy Limited purchased a new van on January 1. 2016. The van cost $55,000. It has an estimated life of Five years and the estimated residual value is $5,000. Tidy uses the double-declining-balance method to compute depreciation. What is the depreciation expense for 2016? $20,000. $10,000. $11,000. $22,000. What is the adjusted balance in the Accumulated Depreciation account at the end of 2017? $11,000 $8, 800 $35, 200. $26, 400