On November 1, 2017, Khene Company places a new asset into service. The cost of the asset is $100,000 with an estimated 4-year life and $20,000...

On November 1, 2017, Khene Company places a new asset into service. The cost of the asset is $100,000 with an estimated 4-year life and $20,000 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Khene Company uses the double-declining balance method of depreciation?

1) $6,667.

2) $8,333.

3) $4,167.

4) $3,333.