A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, Year 1. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1? 26 Multiple Choice $4,600 $1,333 $4,000 $1,533 $1,000 Christie and Jergens formed a partnership with capital contributions of $280,000 and $380,000, respectively. Their partnership agreement calls for Christie to receive a $58,000 per year salary. Also, each partner is to receive an interest allowance equal to 10% of a partner's beginning capital investments. The remaining income or loss is to be divided equally. If the net income for the current year is $126,000, then Christie and Jergens's respective shares are: Multiple Choice $63,000 $63.000 $53,455, $72,545 $87,000: $39,000 $86,000, $38,000 $30,000 $96,000