A company purchased a delivery van for $23,000 with a salvage value of $2,000 on January 1, Year 1. It has an estimated useful life of 5 years. If the company uses the straight-line method, the journal entry to record depreciation on December 31. Year 3 would be A Date Dec 31 B Dec 31 C Dec 31 D Dec 31 Account Name Depreciation expense Accumulated depreciation Depreciation expense Accumulated depreciation Depreciation expense Accumulated depreciation Accumulated depreciation Depreciation expense Debit 4,200 12,600 4,600 13,800 Credit 4,200 12,600 4,600 13,800