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A company purchased a delivery van for $27,000 with a salvage value of $3,000 on October1, Year 1 . It has an estimated useful life

A company purchased a delivery van for $27,000 with a salvage value of $3,000 onOctober1, Year 1. It has an estimated useful life of 5 years.

Using the straight-line method, how much depreciation expense should the company recognize onDecember 31, Year 1?

A. $3,600.

B. $1,200

C. $400

D. $4,800.

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