Tidy Limited purchased a new van on January 1, 2018. The van cost $28,000. It has an estimated life of ten years and the estimated residual value is $3000. Tidy uses the double-declining-balance method to compute depreciation.What is the depreciation expense for 2018?

A. $2800.
B. $2500.
C. $5600.
D. $5000.


Answer: C

Business

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