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A company purchased a delivery van for $ 2 9 , 8 0 0 with a salvage value of $ 3 , 4 0 0

A company purchased a delivery van for $29,800 with a salvage value of $3,400 on October 1, Year 1. It has an estimated useful life of 6 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1?

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