A company purchased a new delivery van at a cost of $$47,000$ on January $1.$ The delivery van is estimated to have a useful life of $5$ years and a salvage value of $$3,500.$ The company uses the straight$-$line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December $31?$

Multiple Choice

$$8,700.$

$$4,700.$

$$4,200.$

$$5,050.$

$$4,350.$