Problem $10$ points A company purchased a delivery van on October $1$ of the current year at

a cost of $$40,000.$ The van is expected to last six years and has a salvage value of $$2,200.$

The company's annual accounting period ends on December $31.$

What is the depreciation expense for the current year, assuming the straight$-$line method is

used?

What is the book value of the van at the end of the first year?