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On October 1 of this year, Sports World purchased a delivery van for $ 1 9 , 0 0 0 with a residual value of

On October

1

of this year, Sports World purchased a delivery van for $

19, 000

with a residual value of $

3, 000 .

ran has an estimated useful life of

5

years. Using straight

-

line depreciation and the half

-

year rule, how much

depreciation expense should Sports World recognize on December

31

of this year?

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