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A company purchased a delivery van for $26,600 with a salvage value of $3,600 on September 1,year 1. It has an estimated useful life of

A company purchased a delivery van for $26,600 with a salvage value of $3,600 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.

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