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A company purchased a new delivery van at a cost of $ 5 7 , 0 0 0 on January 1 . The delivery van

A company purchased a new delivery van at a cost of $57,000 on January 1. The delivery van is estimated to have a useful life of 6 years and a salvage value of $4,500. 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
$4,375.
$4,750.
$8,750.
$5,250.
$5,125.
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