Swifty Company purchased a new van for floral deliveries on January 1, 2021. The van cost $46000 with an estimated life of 5 years and $15000 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 2021? 

• $6200 

• $9200 

• $12400 

• $18400

Answer rating: 100% (QA)

Answer Option D 18400 Double ... View the full answer