A company purchased a tract of land for its natural resources at a cost of $2,042,900. It expects to mine 2,190,000 tons of ore from this land. The salvage value of the land is expected to be $269,000. The depletion expense per ton of ore is: A company purchased a delivery van for $20,000 with a salvage value of $3,200 on September 1, Year 1. It has an estimated useful life of 4 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1