Farr Company Purchased a New Van for Floral Deliveries on January

Farr Company purchased a new van for floral deliveries on January 1,2011 . The van cost $€ 40,000$ with an estimated life of 5 years and $€ 10,000$ residual value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the depreciation expense for 2011 ?

A) $€ 8,000$
B) $€ 6,000$
C) $€ 12,000$
D) $€ 16,000$