5. Hatcher Inc purchased a delivery van on Oct 1 of the current year at a cost of $40,000. The van is expected to last five years and has a salvage value of $5,000. The company's annual accounting period ends on December 31. (2 points) 1. What is the depreciation expense for the current year, assuming the straight-line method is used? 2. What is the book value of the van at the end of the first year? Hint: The book value of this asset at the end of the first year should be a number between $33,000 and $39,000)