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A company purchased a new delivery van at a cost of $58,000 on January 1 . The delivery van is estimated to have a useful life of 4 years and a salvage value of $4,600. 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 $13,350 $7,250 $7.825 $5.750. $6,675