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A company purchased a delivery van for $15, 500 with a salvage value of $2, 300 on September 1. Year 1. It has an estimated

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A company purchased a delivery van for $15, 500 with a salvage value of $2, 300 on September 1. Year 1. It has an estimated useful life of 4 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31. Year 1? $1, 100. $3, 875. $825. $3, 300. $1, 292

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