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A company purchased a delivery van for $24, 900 with a salvage value of $2, 700 on September 1, Year 1. It has an estimated

A company purchased a delivery van for $24, 900 with a salvage value of $2, 700 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? $1, 383. $4, 150. $925. $1, 233. $3, 700

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