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A corrpany purchased a now detwery van at a cost of $47,000 on January 1 . The delivery van is estimated to hawe an useful

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A corrpany purchased a now detwery van at a cost of $47,000 on January 1 . The delivery van is estimated to hawe an useful life af 5 yeats and is silviggn vane of 33,500. The company uses the stright hine method of depreciation. How much depteciation expense will be recorded for the vn dueting the first year ecided Deteinbei 31 ? Mincie choich 35,050 14xo Silis 34.200

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