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Plant Master 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.

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Plant Master 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 Plant Master uses the straight-line method? A. $8,250 B. $35,000 C. $8,750 D. $33,000

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