Tidy Limited purchased a new van on January 1, 2016. The van cost $30,000. It has an estimated life of eight years and the estimated residual value is $6,000. Tidy uses the double-declining-balance method to compute depreciation. What is the depreciation expense for 2016? $3, 750. $6,000. $7, 500. $3,000. What is the adjusted balance in the Accumulated Depreciation account at the end of 2017? $13, 125. $11, 250. $1, 875 $3, 750