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Gardiner Company purchased a delivery van for $35,000 on January 1. The van has an estimated 4-year life with a residual value of $2,000. What

Gardiner Company purchased a delivery van for $35,000 on January 1. The van has an estimated 4-year life with a residual value of $2,000. What would the depreciation expense for this van be in the first year if Gardiner uses the straight-line method?

A. $35,000
B. $33,000
C. $8,250
D. $8,750

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