A company purchased a delivery van for $23,000 with a salvage value of $3,800 on October 1 , Year 1 . It has an estimated useful life of 4 years. Using the straightline method, how much depreciation expense should the company recognize on December 31 , Year 1 ? Multiple Choice $100. $1,200. $1,917 $4,800. $5,750. A company purchased a delivery van for $23,000 with a salvage value of $3,800 on October 1 , Year 1 . It has an estimated useful life of 4 years. Using the straightline method, how much depreciation expense should the company recognize on December 31 , Year 1 ? Multiple Choice $100. $1,200. $1,917 $4,800. $5,750