A company purchased a new delivery van at a cost of $43,000 on January 1 . The delivery van is estimated to have a useful life of 5 years and a salvage value of $3,100. 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 $4,300. $7,980. $3,990. $3,720. $4,610