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Waterway Company purchased a new van for floral deliveries on January 1, 2020. The van cost $69000 with an estimated life of 5 years and

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Waterway Company purchased a new van for floral deliveries on January 1, 2020. The van cost $69000 with an estimated life of 5 years and $14300 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 2020? O $21880 O $27600 O $10940 O $13800

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