A company purchased a delivery van for $28,000 with a salvage value of $3,000 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? Multiple Choice o $1,250. o ) $1,667. o $1,400. o $5,000. c $2,067