SIved Help Save & Exit Submit 4 A company purchased a delivery van for $20,000 with a salvage value of $2,500 on September 1, Year 1. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1? Multiple Choice $1,167 $3,500. $4,000. $875 $1,333