Oxford Enterprises Acquired a Delivery Truck on January 4,2010

Multiple Choice

Oxford Enterprises acquired a delivery truck on January 4,2010.The total cost of the truck was $87,000.Oxford estimated that the truck would be used for 5 years before being sold for an estimated $16,500.Oxford uses the double-declining balance method of depreciation.The depreciation expense for the year ended December 31,2012 was:

A) $34,800
B) $28,200
C) $12,528
D) $ 8,880