A company purchased a delivery van for $31,900 with a salvage value of $3,700 on October 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? Multiple Choice

$5,317.

$98.

$1,772.

$1,175.

$4,700.

out 15 Fest dind 014 titt a intike athere