urger Foods purchased a truck, on January 1 , from a company going out of business - for $42,000. An appraisal indicated the fair value of the truck to be $50,000. Burger Foods estimated the truck would provide future benefits for 5 years and would bring an $8,800 residual (SALVAGE) value at the end of the 5-year period. How much is the depreciation expense for the first year of life if Burger Foods uses the doubledeclining-balance method? A. $20,000 B. $16,800 C. $9,000 D. $18,000 E. $13,280 F. $16,480