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A company purchased a delivery van for $34,000 with a salvage value of $4,000 on September 1, Year 1. It has an estimated useful life

A company purchased a delivery van for $34,000 with a salvage value of $4,000 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? $1,667. $5,000. $1,889. $5,667

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