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A company purchased a delivery van for $23,000 with a salvage value of $3,000 on October 1, Year 1. It has an estimated useful life

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A company purchased a delivery van for $23,000 with a salvage value of $3,000 on October 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? Multiple Choice $83. $1,000. (0) $4.000. () $1,533. $4,600

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