Dorchester Company Purchased a New Van for Floral Deliveries on July

Multiple Choice

Dorchester Company purchased a new van for floral deliveries on July 1, 2014. The van cost $20,000 with an estimated life of 5 years and $5,000 residual value at the end of its useful life. The double diminishing-balance method of depreciation will be used.
-What is the depreciation expense for 2014?

A) $4,000
B) $3,000
C) $6,000
D) $8,000