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A company purchased a delivery van for $22,800 with a salvage value of $2,400 on September 1, Year 1. It has an estimated useful life

A company purchased a delivery van for $22,800 with a salvage value of $2,400 on September 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?

Multiple Choice

$3,400.
$3,800.
$1,133.
$850.
$1,267.

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