3 points 1 01:49:47 A company purchased a new delivery van at a cost of $49,000 on January 1. The delivery van is estimated to have a useful life of 5 years and a salvage value of $3,700. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 317 Multiple Choice $4,440. $4,900. $5,270 $9,060. $4,530 Neyt